While frenzied talks of bailouts are ongoing in the US Congress, European governments have moved to shore up their teetering banks, including the troubled Belgian-Dutch Fortis, Germany’s Hypo Real Estate Holding AG and Iceland’s Glitnir hf; Bradford & Bingley of UK have joined Northern Rock.
Wonderful solutions notwithstanding, markets around the world are crashing, left, right, and at the center. DJI has opened Monday morning with a low… and is falling!