Overseas stock markets plunge

We're lucky markets are closed today because overseas markets went into free-fall. Foreign markets are not convinced an economic stimulus plan will help the US economy. In addition, Chinese banks have major problems. Among many, they are concerned that their banks may have to deal with large sub prime loan problems. Prices on American stocks trading in Europe were pretty ugly (Bloomberg TV includes those prices on their tape). Trading tonight will show if declines are continuing. Get ready for a very tough day tomorrow, seems like I have been repeating that message a lot in recent weeks!