World Stocks Tumble on US Fears

The world stock markets have been taking tumbles for weeks now. Someone should be concerned. But that won't happen. We'll wait before its too late before the alarm is sounded. Let history show that this modest blogger warned you:

European stocks have joined a global sell-off, after concerns about the US economy and mortgage industry hurt markets in Asia and dented Wall Street.

The UK's FTSE tumbled 103.4 points, or 1.7%, to 6,057.8. Earlier, Japan's Nikkei index closed 2.9% lower and New York's Dow Jones index ended down 2%.

Indexes in Hong Kong, Malaysia, India and Australia fell more than 2%.

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