Thanks Congress! Thanks, President Obama. This is what the financial markets think of your "stimulus" spending bill! This just goes to prove once again the adage that "You can't fool all the people all the time!" The Dow's November lows are now only a few hundred points away.From MyWay.com:
World stock markets fell Thursday amid pessimism about the Obama administration's plans to fix the U.S. banking system and restore the overall health of the world's largest economy. European stocks were also undermined by a raft of disappointing earnings...
Sentiment in Europe, already depressed by further losses in Asia earlier, was hit by the news that a number of companies across the continent reported worse than expected earnings and predicted further difficulties for the months ahead.
Compare this chart above with the one I posted less than an hour ago.
