RobertB
January 21st, 2008, 01:47 PM
European stocks down 5.8 pct on U.S. recession fear
Mon Jan 21, 2008 1:03pm EST
By Peter Starck
FRANKFURT, Jan 21 (Reuters) - European shares fell nearly 6 percent on Monday, their biggest one-day slide since the Sept. 11, 2001 attacks, as fears of a U.S. recession and more write downs in the financial sector sparked a broad-based selloff.
"This is like a panic. It's like out, out, out (of stocks). Run for cover," said Dirk Mueller, a trader at Frankfurt brokerage ICF.
"There is a very ugly sense of capitulation and the worst thing is that we can't see where it will all end," said Javier Galan, fund manager at Spanish brokerage Renta 4.
http://www.reuters.com/article/marketsNews/idCAL214999820080121?rpc=44
Mon Jan 21, 2008 1:03pm EST
By Peter Starck
FRANKFURT, Jan 21 (Reuters) - European shares fell nearly 6 percent on Monday, their biggest one-day slide since the Sept. 11, 2001 attacks, as fears of a U.S. recession and more write downs in the financial sector sparked a broad-based selloff.
"This is like a panic. It's like out, out, out (of stocks). Run for cover," said Dirk Mueller, a trader at Frankfurt brokerage ICF.
"There is a very ugly sense of capitulation and the worst thing is that we can't see where it will all end," said Javier Galan, fund manager at Spanish brokerage Renta 4.
http://www.reuters.com/article/marketsNews/idCAL214999820080121?rpc=44