Global Meltdown

Obviously we are in the middle of a global financial crises. It doesn't take a genius to figure that one out. The markets are playing limbo with each other, seeing who can go the lowest. So far this morning, European markets are down roughly 5%, Asian markets are down about 8%, and Japan is down 9.4% (the biggest single day fall in 21 years). Trading on both of the Russian markets has been suspended, one until further notice and the other until Friday.

This is all seen as a ripple effect after what happened in our markets yesterday. The Dow has dropped 875 points in two days, closing at its lowest point in 5 years. The Dow is now 33.3% below is record close of 14,164.53 it set last year.