What prefaced today's fall was the Morgan Stanley report that warned of a dangerous risk recession in the United States and the Eurozone because of what it called "policy errors and sluggish growth." It's not, you cannot say one side or the other is to blame. The danger part about today is that it's now becoming a self prophecy. Markets are falling. Investors get worried and pull out. Markets fall even further. The only bit of good news from the session was off its lows. And, Wolf, yes, the buyers, there were some they came late in the day. But it certainly was not the sort of day you wanted to be holding stocks.

 

Now all I can say is they should thank their lucky stars, it wasn't Depar-two, sorry, that two. sorry.