Blood bath in stocks...Shanghai down 8.5%

via Jerusalem Online.

The Far East stock markets continue to fall today. The Shanghai Composite lost 8.5% of its value in the first hours of trade. The leading Hong Kong Market index lost 4.5% and reached a three year low. Tokyo is down 3.5% and the leading index in Taiwan plunged 7.5%, marking the worst stock market opening in its history.

The world is now waiting to see how the European and US markets would respond when they open later today.

The average investor is sleeping while the pros are already making moves to protect themselves.

Americans might wake up to their profits over the last two years being wiped out.

Told ya so.  The house of cards begins to fall.