Given yesterdays plummet of international markets, I think it is safe to safe we are facing a financial meltdown, a buzzword that has been going around this morning.
The Motley Fool probably summarizes best the fear that is driving today's (Tuesday Sept 16) uncertainty, which is the possibility that AIG will collapse. I am going to post a much more elaborate analysis of yesterday and today once the market has closed and the dust has settled, but here is what Motley Fool has to say:
http://www.fool.com/investing/dividends-income/2008/09/16/financial-meltdown-day-2.aspx
You'll hear from me soon!
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