Aug 5, 2011

Global Financial Market Meltdown

The Financial Market Plunges to new lows for the year today with the US market losing more than 10% from the high in April this year. this is the worst performance since the 2008 global financial crisis.

Everything except for the US dollar is falling off the cliff, this is a Crash of the global financial markets. The US markets plunge more than 512.76 points or down 4.31%, Oil is down 6%, Gold fell by about 1%, Silver plunge by over 7%. The european markets all closed with heavy sell off by more than 3.00%.

Expect greater Turmoil when the Asian Markets open later.

Will this trigger a Global Financial Meltdown?

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