Wobbly World Markets Plunge

Wobbly World Markets Plunge

www.newsday.com

Trading in Brazil's stock market - Latin America's biggest - was suspended twice this morning after the main Ibovespa index plunged more than 10 percent the first time, and more than 15 percent the second.

"It's a global meltdown," said Don Selkin, chief market strategist for National Securities Corp., investment advisers in Manhattan.

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Related AboveTopSecret.com Discussion Threads:
Stocks Tumble at Open

It's Oct. 7th in Europe and Asia, and already the world markets are showing signs of the changing climate. Markets opened with losses all across Asia and Europe. We're in for a rough week boys and girls!
I've included links to other 10/7/2008 threads where you can weigh in with some of your thoughts and concerns concerning where you think we might be headed in the light of this morning's stock plunges (and the plunges that are likely to follow!)

Check out the "Additional News Links" for current world market figures

www.newsday.com
(visit the link for the full news article)

Well it's the 7th....world markets (and the DOW) have managed to eke back up above 10,000. But will it last?

Back down -5 points. SHort answer is NO.