Oct 06 2008
October Monday: Global Markets Hit Hard
- Panic engulfs global stock markets
- European and Asian markets plunge as bailouts in US, Europe fail to ease financial fears
- Banking stocks plummet across Europe
8:02 a.m. EST
| VALUE | CHANGE | % CHANGE | |
| DJStoxx 600 | 247.90 | -13.53 | -5.18 |
| FTSE 100 | 4,719.93 | -260.32 | -5.23 |
| DAX 30 | 5,483.24 | -313.79 | -5.41 |
| CAC 40 | 3,844.83 | -235.92 | -5.78 |
| S&P/MIB | 24,465.00 | -1,446.00 | -5.58 |
Hopefully all the Senators and Representatives in the US legislature should recognize that bailing out the failing financial corporations to avoid crippling the world economy has only made matters worse globally, and , since the US is part of the global economy the bailout legislation has only made our own economy worse as well. Our President and his advisors in the Treasury department are either incredibly stupid and/or incredible con artists and the people in Congress are just as bad. Shame on our government. Everyone of them who voted for the bailout should be voted out of office, period.
David G. Maskalick, Ph.D.