European stocks take another hammering

All European stocks are currently taking a hammering, some 90 minutes into the market opening.

Fears of global meltdown become ever stronger, as Iceland is on the brink of bankruptcy and Russia's main index fell by 1/6th in a single session. Thailand has suspended trading on their index indefinitely.




What will happen once the DOW opens? DOW futures show a couple of hundred point drop at the moment, however this could be compounded by the European situation.

[edit on 8-10-2008 by 44soulslayer]

I think its time to retire to a cave somewhere, close my eyes and stick my fingers in my ears until this is all over.

Being a wage slave for most of my life, all I can say is, you can't loose what you don't have.

*Shugs*

this topic is already beingdiscussed.

reply to post by savetimerushonline


Yeah but you dont have a picture of the markets on your thread.

[edit on 8-10-2008 by 44soulslayer]

reply to post by savetimerushonline


I am curious why the line gets drawn at your thread? There are plenty of threads out there about the meltdown. This seems as valid as any other.

Update: FTSE now down 5% despite a 0.5% rate cut AND a £50bn bank bailout bill.

It looks like this is totally out of the exchequer's control now... there is nothing that Darling or his eyebrows can do to help the market.