When All News is Bad News.

On the day when phrases like “Carnage Across Globe”, “Blood Bath at Market”,  “Revisit of the Great Depression”, and so on are being commonly used, I am not able to post or talk anything else than some information about the stock market. The only words coming to my mind is “Scary”.

I am not sure that if this is a like a nuclear bomb explosion. And if that is the case, will there be any aftermath like “Secure your career before storm hits job street”. Virtually nothings positive seems to be happening or working. I am sure there are some “sentiments” attached to way the market is behaving because fundamentally at least some markets across the world are strong.

A report from Wall Street Journal suggests that The Federal Reserve said it will bypass ailing banks and lend directly to American corporations for the first time since the Great Depression, and it hinted strongly at further interest-rate cuts -- a cocktail of unconventional and conventional remedies for an economy whose prognosis is deteriorating rapidly. Herald Tribune reporting Britain earmarks $87 billion to bail out banks, Reuters reporting Hong Kong slashes rates,  CNBC India reporting Mkts nosedive on sharp cut in European indices,  Financial Times reporting Moscow to pump $37bn into biggest state institutions, our dear old friend Oil falls below $87 on economic slowdown fears (AP), even Gold edges down on oil, platinum near 3-year low and how can our political leaders stay away from this so even McCain and Obama clash over economy.

Hence this is a day When All News is Bad News. 

God Bless us All.