For general discussion and debate. Possible talking point: Down we Go!
Wall Street was poised to plummet at the opening bell on Friday, after U.S. stock index futures dove so steeply that they had to be frozen at several points as global markets were battered by signs the global economy is in the throes of recession. Global markets were down 4 percent as measured by the MSCI's all-country world index, while panicked investors moved to liquidate risky positions. Japan's Nikkei index ended down nearly 10 percent and European shares lost 8 percent.
The global stock market crash continued Friday, with Wall Street stocks set to open at their lowest levels since March 2003. Based on these projected opening prices, almost the entire gain since this bull market began that month has been wiped out.
What have you been doing with your investments the past six weeks?
