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**gkruCRi1** · 02-28-2007, 02:38 AM

Ouch.

It was a whirlwind on Wall Street today with large Chinese selloffs coinciding with an overbought stock market, rising oil prices, worries over housing and subprime lenders and Alan Greenspan's prediction that a recession may be imminent. At one point in the day it was even down by 545 points. Tomorrow is expected to be another grisly day given the Wednesday mid-morning trading in Tokyo on the Nikkei was already grisly.

Once again, the truth of globalisation rings a loud bell (and China's ever-growing influence in it) and one man's words can be powerful enough to move and shake the world.

Market Dispatches - MSN Money

02-28-2007, 02:38 AM	#1
gkruCRi1 Join Date Oct 2005 Posts 505 Senior Member	Dow Plunges 416 Points Ouch. It was a whirlwind on Wall Street today with large Chinese selloffs coinciding with an overbought stock market, rising oil prices, worries over housing and subprime lenders and Alan Greenspan's prediction that a recession may be imminent. At one point in the day it was even down by 545 points. Tomorrow is expected to be another grisly day given the Wednesday mid-morning trading in Tokyo on the Nikkei was already grisly. Once again, the truth of globalisation rings a loud bell (and China's ever-growing influence in it) and one man's words can be powerful enough to move and shake the world. Market Dispatches - MSN Money
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