Sunday, October 5, 2008

Chronicles Of Depression 2.0: #310: Israel

Stocks plunge in hard day of trading
Just days after US President George Bush signed into law a far-reaching $700-billion bill to bail out the tottering US financial industry, the Tel Aviv Stock Exchange remained shaky, registering sharp losses on Sunday.

By noon, the TA-25 Index had already dropped 6.33 percent and the TA-100 Index fell by 7.08%.

The Tel-Tech Index dropped by 11.5% and the Real Estate Index dropped by 11.04 percent.

Emphasis added by me.

This is the first trading market to open since Friday.

An augur of Asia in a few hours from now?

Welcome again to Day Zero.

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