Global Markets Begin September in Morose Mood

And this snippet from FT.com. September doesn't have a good history for stocks, so this could be an interesting month.

Friday 21.15 BST. News of the resignation of a top European central banker sent global markets sharply lower, as fears rise that efforts to aid Greece and other struggling continental economies may unravel.
The FTSE All-World equity index is down 3 per cent following a 2.5 per cent drop in the FTSE Eurofirst 300 index, as markets in Germany, Austria, Italy and Spain fell more than 6 per cent.

Wall Street’s S&P 500 is off to its worst September start in a decade, while German Bunds and US Treasuries – the “safe havens” – see new yield lows.
The resignation of European Central Bank board member Juergen Stark has created a fresh wave of uncertainty about the management of the bloc’s monetary policy.