World markets cause major sell off!
The Dow slid almost 400 points today after a scare went through the World Markets. The French markets started the slide, by freezing assets of mortgage companies that are about to go bankrupt. After a quick morning slide, the US markets seemed to be gaining some of that slide back. However, as more of the world markets and the European markets reacted, it caused a major sell off throughout the world. Besides being fueled by the mortgage crises in the sub-prime area, recent recalls of goods made in China have lowered the confidence level of traders. Look for tomorrow to be a big day for the markets, either continuing to slide, or making a slight gain. Anything big could come near closing.
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