holy moly, FTSE down 8.6%!

things are just getting worse

hmmm…we might see markets completely capitulate soon? one can only hope "The MSCI World Index lost 4.3 percent to 871.89 at 10:49 a.m. in London, extending this week’s retreat to 8.2 percent. The index has plunged 45 percent in 2008, headed for its worst year on record, as credit-related losses and writedowns topped $660 billion in the worst financial crisis since the Great Depression. The panic levels are now quite unseen,'' said Christian Gattiker, Zurich-based head of equity research at Bank Julius Baer & Co. which manages about $307.6 billion globally. It’s difficult to have any words for this situation right now.’’ European stocks and U.S. futures extended declines after futures trading in the Standard & Poor’s 500 Index reached the ``limit down’’ level of 855.20. "

In london is hell!!!

Jesus Christ.

seems to found a support level and is now only -6.78% it’s fairly depressing to see such widespread destruction of wealth.