If the bailout bill was supposed to stabilize markets, somebody forgot to tell investors around the world. I woke up this morning to find the following:
- Asian Markets – > Down 4 %- 5%
- Euro Exchanges – > Down 5.5%
- US Futures – > Dow, S&P, Nasdaq down 2.1 – 2.5%
- Overnight Dollar Libor – > 2.37% vs 2%
On the green side, gold is up $15 to $851.
On the green side (for the economy) oil has fallen below $90.
Regards,
George