1.21.2008

Now would be a good time to panic

Asian, European Markets Plunge on Pessimism Over US Stimulus Plan.

India -7.4%
Hong Kong -5.5%
Japan -3.9%
Singapore -6%

Europe still open but down about 4% to 6% as I write.

The U.S. is closed for MLK Day, but Canada is down 4%.

Greenspan, Bernanke, Bush, Congress, and the American Consumer have really done it this time.

Does Helicopter Ben throw a panic rate cut Tuesday? And, if so, does it help?

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Happy Super Tuesday!