Best headline of the day is from the London Times: "London bloodbath after selling sweeps in Asia."
Several notable parts of the article I've quoted below.
"This is a bloodbath. It is discomforting that global markets are not reacting to the measures regulators have taken," Hiten Agrawal, head of research with Angel Broking in Bombay, said.
Oh Hyun-Soek, at Samsung Securities, said: “It’s beyond panic. Concerns about the global economy are deepening further and there is no sign of easing in the global credit crunch.”
Questions over whether or not GM will make it are being asked. The Daily News featured an article, "Wheels falling off for GM," with and old fashioned 1950's convertible picture. The caption says, "Iconic '55 Chevy Bel Air is echo of era when U.S. autos, it seemed, ruled the world."
The Wall Street Journal looks a bit deeper into the story.
*Graph taken from wsj.com
*Car photo is from the AP, pulled from nydailynews.com
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