News From Yellow Business Pages » Wired: Top Stories » Look Out Below: Markets in Capitulation Mode

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Wired: Top Stories

• 

  Look Out Below: Markets in Capitulation Mode

  Posted: October 24th, 2008, 12:00am EDT by Portfolio.com

  Tags:    [edit]

  Investors around the world are running scared again today, dumping assets on an enormous scale. U.S. stock-index-future contracts fell by more than their 5 percent limit hours before stock markets opened in the United States. They are now locked at those levels. Markets in Asia and Europe tumbled. The sell-off has been triggered by one big company after another reporting weak earnings or expecting a slowdown ahead. Much of the world is sliding into a recession.