European markets confirm the blues

Last night, I posted that things look worse than we thought, in Europe as well as the US.  Today — while those of us in the US are trying to enjoy a day off for Labor Day — European markets sold off heavily.  At this writing (10:30 AM EDT), the French CAC and German DAX indices are down over 5.3%.  The DAX is at a 22-month low.  That percentage fall would be a 600 point drop on the Dow.  Watch out Tuesday!

Advertisements

About jackgoldstone

Hazel Professor of Public Policy at George Mason University
This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s