Wednesday, October 8, 2008

The Whole World is Shaking...worst since 1997 financial turmoil...

Just some notes for everyone...the market is falling everyday in the US and it's affecting the whole world...US700b financial bail out by the government isn't working or giving any cushion to the market...we are in the big big trouble...save cash, stop putting money into shares and funds...

SOME OF THE KEY POINTS OF THE SITUATION:
# European shares post their worst day on record, the Dow slips below 10,000 points and Asian stocks down 5 per cent
# Oil falls below US$90 a barrel
# Euro falls the most against the yen since its debut
# Bonds gain on safety bid as global equity markets plunge

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