Monday, January 21

Wall Street was closed for the holiday

Today, stock markets panicked around the world. Took a nose dive.
One London trader, Jaweid Afsar, of Securequity, said the day's events were "very, very nerve-racking". The FTSE turned into a red blur during what Tim Hughes, head of sales trading at IG Index, described as an "incredible day of trading" as Europe faced the repercussions of severe Asian losses overnight.

Meanwhile in Frankfurt a dealer described how a "mass sell-off" across Europe was following the US jitters. "Pure panic is ruling here," he said.
Christoph Lindner, a trader at Baader Bank, agreed. "This is awful," he said. "This is a Black Monday."

"I was sitting here between 9am and 2pm, and in principle the only thing I got was sell orders," said Stefan Kaiser, a trader at the Frankfurt brokerage NM Fleischhacker. He added: "Getting drunk won't help because there'll be more of the same tomorrow." The Independent/UK
All was quiet in New York, however. Martin Luther King Jr. Day, you see. Stock Exchange closed.

Ah, but there is tomorrow. Tomorrow will be Tuesday. And the NYSE will be open again. Then the end will be written plain. Maybe like another Tuesday of not so long ago.

# posted : 5:23 PM | |
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