Wednesday, May 05, 2010

It's That Up/Down Syndrome

Bloomberg and the dismal realities:

More than $1.1 trillion was wiped from global stocks yesterday amid concern that rescues similar to Greece’s 110 billion-euro ($143 billion) package will be needed in Spain and Portugal.

Stocks sank around the globe, erasing the 2010 gain for the MSCI World Index, and the euro weakened to a 14-month low on concern Europe’s debt crisis is worsening as protests in Greece turned deadly.

That's the problem with upswings, they are always followed by that other constant, the downswing.

Question is... Will this downward slide be halted by more worldwide financial shenanigans, or is this the big one?

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