Would someone please remind folks that it’s Friday and we all deserve a relaxing weekend? I for one will be doing my usual Saturday morning Yoga. But it’s nasty out there - the contagion has spread, and panic is now the correct adjective.
The overnight Dow crash hit Asia hard - the Sensex is down at least 9 percent and looks like it’s headed for a holiday south of 10,000, the rupee has hit an all time low and in Japan the Nikkei tumbled another 10 percent. Looks like that decision to let Lehman go bust set off the mother of all chain reactions…and Indian markets may be headed back to 2006 levels.
More- http://blogs.reuters.com/india/2008/10/10/me-panic-im-not-panicking-who-is-panicking/
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