Update (7:23 pm PDT): Korean Stock Market down -9.36%, HENG SENG down - 7.41%
Update (7:04 pm PDT): Korean Stock Market resumes, plunge continues, down over 8%. Japan NIKKEI down 4.79%, HANG SENG down 6.79%
Update (6:48 pm PDT): Korean Stock Market suspends trading for 20 minutes, down over 6% (DOW dropped 5.5% today)
As we head into the evening the Asian markets are getting hit hard.
DOW futures for tomorrow are already down -272.00. Yesterday futures were down -250.00 and the carnange by day's end was -634.76. Will tomorrow be worse?
Meanwhile Gold has hit another new high of $1,740 plus.
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![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
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The sovereign debt situation has finally become crystal clear to the financial community. Sometimes people have to be hit with a 2x4 before the truth can be seen. The 2x4 in this case was the S&P downgrade.
ReplyDeleteWeeeeeeeeeeeee ... What fun!
ReplyDeleteWow, gold is up about $80US in the last 24 hours. Expect volatility!
ReplyDelete