Chronicles Of Depression 2.0: #310: Israel
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.