Futures off 6.5%: Look Out Below!

Friday, October 24, 2008 | 05:27 AM

1024futures

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US Futures are trading down 6.5% -- thats limit down on S&P Futures -- the percentage trigger where trading halts has been hit.

Looks like quite the free fall this morning -- Dow Futures off 5%, following the announcement of a contraction of GDP in the British economy. A global sell off has ensued.

Stocks tumbled around the world. South Korea's Kospi Index sank 10%; Japan off about 10%, and Europe Indices fell about 6%. The MSCI World Index lost 3.6%. Europe's Dow Jones Stoxx 600 Index slid 6.3%, and the MSCI Asia Pacific Index sank 6%.

Will we hit NYSE circuit breakers today?

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Circuit_breakers

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Of course, today is a day I will be traveling -- I won't be able to update until later this morning. 

Friday, October 24, 2008 | 05:27 AM | Permalink | Comments (79) | TrackBack (0)
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Comments

Time to get greedy?

Who do you like?

Posted by: freejack | Oct 24, 2008 5:37:34 AM

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