Flipped on CNBC World this morning and the first thing I hear is the world market scoreboard described as a “Wall Of Fear” followed by the news crawl mentioning the assassination of Serbian Prime Minister Djindjic.
Good morning indeed…
UPDATE: The BBC reports on the European market slide. Choice quote:
And Germany is now in the grips of a market downturn worse than it suffered in the Great Depression, calculations at investment bank Merrill Lynch have revealed.
“There’s one word for it – carnage. It’s horrible,” said Richard Wright, at brokerage GNI in London.