Paris

International meltdown
NYTimes:

“There was no specific story about today; right now we are in a freefall of fear and people are using any opportunity to sell,” said Richard Sparks, senior equities analyst at Schaeffer’s Investment Research. He said the falls were driven by pessimism that the series of actions unveiled by governments around the world were still not enough to end the financial crisis.

Investors “still think that this is not out of the woods yet,” he said. “Even with government help, you may have banks that may not make it.”