The Dow Jones crashed 1500 points at close of trading yesterday on Wall Street. Today morning Asian markets are panicking and dropping.
Here is the Nikkei after the first hour of trading this morning.
Oil prices also tumbled.
- As Dow plummeted oil prices lower, pressured by rising US output
- US crude fell 2.8% to US$63.65 per barrel
- Brent was US$67.22, down 1.98% on the day.
- West Texas Intermediate fell to US$61.90, down 0.56 per cent.
- lowest finish since January 22
My comments : Well panic feeds on panic. The more you panic, the worse it will appear to you.
The earth is still round. The sun will rise again tomorrow, with 100% certainty.
Cash is king now. But not for long. Markets always rebound.
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