Asia, Europe markets slide for 2nd week

[Brutus]

is there a giant vacuum sucking money out of the world markets?
the cash has to go somewhere. even gold is off, something is wrong.




By TOBY ANDERSON, AP Business Writer
Mon Mar 5, 11:46 AM ET



LONDON - European and Asian markets fell again Monday, extending their slide into a second week as investors worried about a possible global slowdown and dumped stocks that had surged in recent weeks. U.S. stocks were steady in early trading.
http://news.yahoo.com/s/ap/20070305/...bStp825ums0NUE

[zengrifter]

Originally Posted by Brutus

is there a giant vacuum sucking money out of the world markets? the cash has to go somewhere. even gold is off, something is wrong.

Can't suck out something thats not there - the system is bankrupt. Gold will blow upwards soon. zg

[zengrifter]

Secret Maneuverings Of
The Plunge Protection Team
By Mike Whitney
fergiewhitney@msn.com

3-6-7 The Working Group on Financial Markets, also know as the Plunge Protection Team, was created by Ronald Reagan to prevent a repeat of the Wall Street meltdown of October 1987. Its members include the Secretary of the Treasury, the Chairman of the Federal Reserve, the Chairman of the SEC and the Chairman of the Commodity Futures Trading Commission.

Recently, the team has been on high alert given the increased volatility of the markets and what Hank Paulson calls "the systemic risk posed by hedge funds and derivatives." Last Tuesday's 416-point drop in the stock market as sent tremors through the global system. An 8% freefall on the Chinese stock exchange triggered a massive equities sell-off that continued sporadically throughout the week. The sudden shift in sentiment, from Bull to Bear, has drawn more attention to deeply rooted "systemic" problems in the US economy.

...more - http://rense.com/general75/plunge.htm

[zengrifter]

Russian stock market plunges on Monday opening


12:16 | 05/ 03/ 2007
MOSCOW, March 5 (RIA Novosti) - The Russian stock market plunged on Monday's opening after the MICEX index dived 4.97%, to 1,512.18 points.
The Russian Trading System (RTS) index sagged 2.24%, to 1,755.73 points.
Global stock markets continued their slide from last week, when a plunge in Chinese shares prompted a fall on Wall Street and other trading floors. Experts said the Russian stock market will continue its downward movement.

...more - http://en.rian.ru/business/20070305/61562098.html