Thursday, October 09, 2008

Worldwide Stock Market Crash

The Dow Jones Index dropped 687 points, in three days, the stock market has down over 15 percent, if you think that is scare, consider this:


Tokyo Stock Market dropped over 1000 points this morning, to a new low of 8,100. The Market has to shut down temporarily due to overwhelming sale orders. The scare feeling of no site of a bottom can be seen cause a wide spread selling. Where are the bargain hunters?


China, fears even worse than Japan, the Shanghai market dropped to below 2000, and one analyst predicated that if the Shanghai Index touches 2,000 point, the next target is 1,000. Around the same time last year, Shanghai Index reached over 6,000, that means two thirds of value has evaporated in a single year.

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