2008 Redo?....finance.yahoo.com/blogs/daily-ticker/

2008 Redo? History Doesn’t Repeat, But It Often Rhymes

By Aaron Task | Daily Ticker – 2 hours 17 minutes ago

http://finance.yahoo.com/blogs/daily-ticker/2008-redo-history-doesn-t-repeat-often-rhymes-140933265.html;_ylt=Aq4T_dvo34bpMmuXloE3cb3eba9_;_ylu=X3oDMTFoY25scXV2BHBvcwMxBHNlYwNjb250ZXh0dWFsLWRhaWx5dGlja2VyBHNsawMyMDA4cmVkb2hpc3Q-

As indicated in futures trading, U.S. stocks fell sharply early Monday with the Dow down more than 350 points, or over 3%, in recent trading. The decline follows a global sell-off as international markets reacted violently to S&P's Friday evening downgrade, which prompted a flight from so-called 'risk' assets:

• Oil futures are sharply lower, recently trading just above $83 per barrel, while gold surged to a new record above $1700 per ounce.
• In Europe, the FTSE and DAX are trading down 1.5% and 2.4%, respectively.
• Asian markets tumbled overnight with Japan's Nikkei 225 and Hong Kong's Hang Seng each falling 2.2% while China's Shanghai Composite shed 3.8%.
• Middle Eastern markets tumbled overnight Sunday, with Israel's benchmark TA-25 index falling 7%, its worst drop since October 2000.

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