the LYNCH report

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Get Ready for a Rough Ride: World Wide Markets Continue to Tank…

with one comment

Get ready for an interesting Monday in the world of share prices.

Despite the high hopes attached to the US government’s various bailouts (so far totalling around $1,014,000,000,000, or about $7,546 per taxpayer, as we wrote in a previous article), the world’s markets continue to drop.

Asian markets are uniformly down, and signficantly – here’s a glimpse of Asia’s markets as at 5:50am eastern:

50am eastern, Monday Oct. 6, 2008

Asian markets as at 5:50am eastern, Monday Oct. 6, 2008

The situation is much the same in Europe. Again, courtesy Yahoo, and also as at 5:50am eastern:

50am eastern, Monday October 6, 2008

European markets follow suit. Also as of 5:50am eastern, Monday Oct 6, 2008

The herd psychology appears to be in full swing, with a wholesale migration out of the markets.

Hold tight for a bumpy ride: the more governments throughout the world bailout failing banks/insurers/etc., the more the taxpayers (read: consumers) get burdened with debt, and the farther away a recovery becomes…

Written by westcoastsuccess

October 6, 2008 at 3:16 am

One Response

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  1. Hold on to your pants ’cause its just starting partly because media pimping for the bailout deepened the panic problem. See to strike back.


    October 6, 2008 at 8:54 am

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