Global Stocks At A Precipice - DOW Plummets 350 Points

Today's selloff in global equity markets, and especially in the U.S. have a slightly different feel than what we've seen in the past month of volatility.  Take it for what it's worth, but I suspect the DOW and S&P 500 will break to the downside of recent trading ranges.  Here's a look at stories moving global markets this morning.

• Follow the DOW Live
• DOW Theory Bearish Signal?
• European Stock Markets Fall Sharply
• Conference Board - Economic indicators signal weak growth
• Asian Stock Markets Plummet
• Pimco: French banks could lead Europe into recession
• Euro-Zone Manufacturing & Service Sector Slip Into Recession
• China manufacturing data paint weak picture
• Bank Of America Is Becoming A "Counterparty Risk" Like Bear And Lehman
• Morgan Stanley's Exposure To French Banks Is 60% Greater Than Its Market Cap... And More Than Half Its Book Value

Comments

[DailyBail]

WASHINGTON (MarketWatch) -- The Treasury Department said it plans to sell $99 billion in notes and bonds next week. The U.S. government said it will sell $35 billion in 2-year notes 2_YEAR +4.46% , $35 billion in 5-year notes 5_YEAR -2.72% and $29 billion in 7-year notes 7_YEAR -4.20% .

http://www.marketwatch.com/story/treasury-to-sell-99-bln-in-notes-bonds-2011-09-22?link=MW_story_latest_news

[DailyBail]

The negative sentiment taking hold among investors is “driven by the bank runs in Europe, and some of the European banks are rumored to be looking in the Middle East for capital, it’s like a replay of 2008 for some of the U.S. banks,” said Charlie Smith, chief investment officer at Fort Pitt Capital.

http://www.marketwatch.com/story/us-stocks-slide-sharply-in-fed-induced-gloom-2011-09-22?link=MW_home_latest_news

[DailyBail]

Treasurys surge; 30-year bond jumps most since ’08

http://www.marketwatch.com/story/treasurys-surge-30-year-bond-under-289-2011-09-22?link=MW_home_latest_news

[DailyBail]

Canadian stocks fall 3% amid global selloff

http://www.marketwatch.com/story/canadian-stocks-fall-3-amid-global-selloff-2011-09-22?link=MW_home_latest_news

[DailyBail]

Initial Claims Miss Consensus, Prior Bad Data Amplified, 103,000 Unemployed Fall Off Extended Benefits

http://www.zerohedge.com/news/initial-claims-miss-consensus-prior-bad-data-amplified-103000-unemployed-fall-extended-benefits

[DailyBail]

The 3% mortgage and the banks

http://www.marketwatch.com/story/the-3-mortgage-and-the-banks-2011-09-22?link=MW_home_latest_news

[DailyBail]

SAN FRANCISCO (MarketWatch) — U.S. financial stocks fell sharply along with the broader market, and insurers like Genworth Financial and Lincoln National Corp. bore the brunt of the selling.

http://www.marketwatch.com/story/genworth-lincoln-selloffs-slam-financial-sector-2011-09-22-107240?link=MW_home_latest_news

[john]

Exclusive: Watchdog backs down on commodities rules

http://in.reuters.com/article/2011/09/22/us-financial-regulation-limits-idINTRE78L11P20110922

[TR]

OMG!!! DOW -425

NO PROBLEM. I'm clean & clear.

Don't ANTE UP in a poker game if you don't know the rules.

@john

We must not interfere in any way with PRIVATE ENTERPRISE. Is this an original thought on my part? ROFLMAO

[Sell Short]

what a bloodbath!! dow sitting at the lows of the day down almost 450.

all because idiot Bernanke said "significant".

people are not going to be happy when they go home and see the news.

[john]

UARS satellite live track.

http://www.ustream.tv/channel/theweatherspace-news#utm_campaign=synclickback&source=http://www.theweatherspace.com/news/TWS-092311_nasa-satellite-tracking.html/&medium=5336250