The Meltdown

The stock markets are tumbling down. A few renown banks have gone down under because of the credit crunch. Huge amount of money are being pumped in by federal banks to rescue and stabilize the market. But the sign has been for sometimes now, banks are taking too much risk and ending up with credit bust. Now every investors will have sleepless nights. The stock values continue to rapidly diminish. The only winners are the few hedge funds which gamble and earn when the market is down. Quite complicated but these people earn big time from the misery of others. How cruel could that be. The Euro is also at its lowest for a year now. Not expecting a recovery for sometimes yet.