The blogosphere is abuzz with talk about the stock market tanking tomorrow. Outside the usual credit crunch, real estate, and weak dollar people are pointing to Monday’s largest one-day drop in many markets since 9/11:
- Bombay’s Sensex -7.4%
- Frankfurt’s DAX -7.2%
- Hong Kong’s Hang Seng -5.5%
- London’s FTSE -5.5%
- Shanghai’s Shanghai Composite -5.1%
- Tokyo’s Nikkei 225 -3.9%
So, what do you think? Are we headed for a crash? If you didn’t jump out of the market last week, is it too late to do so? How can you play this market to win?
P.S. Those looking for a hedge against the crash, the BlackTuesday.com domain name is already taken. Too bad. John suggested 000tuesday.com, but that is a bit too geeky.
P.P.S. Rafer, let me know when you are done with your crystal ball… You are just scary man.
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