Markets down for the count

With not more than 30 minutes after publishing, the article “A day for comeback in the markets”, it did a 180 and became “…turns down on the worries of global growth” in one of Sweden’s largest financial publications (the on-line edition).

Global Growth?? Really? Is that what we’re calling it today?

It’s never more obvious than in these kind of turbulent market days, that we all really need a way to rationalize what is happening to feel comfortable and safe. But “Worries over global growth”? That’s clutching at straws isn’t it? I think I could’ve found at least 10 better explanations than that one, but I’m guessing it’s a hectic day at the paper…

US Markets opens in 1 hour. OMX now at -1,2% from +1,7% earlier today.

UPDATE: Stockholm now at -2% and DJ and NSDQ open sharply down on the bell. Interesting times indeed. Find a bear fund sold OTC or stay in cash.

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