Global markets tumble as everyone is worried about the european fiscal woes thus brutal selloff, it is expected that the markets will still remain jittery and the selling off is also yet to an end as there are lots of credit crunch fallout related to banks and economies which have not been exposed. Let's scan the economy, first, lehman brothers collapsed, then AIG financial difficulty (bailed out, if not, then would trigger the other financial disaster), later, lots of investment banks screamed for help so bailouts by govt since they're seen to be too big to fail. Fallout furthermore spreads to the other sectors, GM bankruptcy (protection), JAL, more and more........... until to recent time, restriction on banks by obama, Dubai's crisis erupted, then European sovereign debt trouble, so what will be nx you expect? do u think this is an end and we should be optimistic to look at recovery in 2010 and onwards? THINK ABOUT IT!!
P.S. will do further analysis if i hv time
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