No let-up in selling

Markets continue to slide in Asia/Australia. Each market is down 2-3%, very bleak. The announcement by Merrill Lynch after hours about needing more capital (after selling their Bloomberg stake for $4B a couple of days ago) & many prior announcements that they would not need more capital is being questioned in Asia trading. Merrill Lynch is taking another big write-off & will seek an additional $8½B. The end of the credit crisis does not look to be near.