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Yeah, that's what struck me, too. So far, it's looking like those who predicted demand from developing countries would prevent a big drop in oil prices are right.
Hang Seng down 16% over last 2 days
Dow futures down 595.
Don't know if oil demand will drop. If we lose 50% worldwide over the next week, there maybe nowhere to go but up from there on out.
I paid everything I could electronically overnight just to get it in before morning, and tranferred funds everywhere I could so all my money isn't in one basket.
India's Finance Minister P Chidambaram has urged Indian investors to "remain calm" and advised them to "stay invested".
Glad I've been out of the Markets for months now. Does not sound good and the CNBC message all night has been the same "stay invested". Right. If I were in I'ld be selling everything I got.