Monday, May 23, 2011

Today's M^3 - Bangladesh Stock Market down 6% in a day

Today's Major Market Move - If you're feeling bad about today's 1% drop in the U.S., for those of you not invested in the Bangladesh stock market you can take consolation in the fact that we're not down 6%.

(Click on the image for a larger view. Click here for a current listing of gains and losses in the global indexes.)

According to my abacus, that equates to roughly a 700 point drop in the DOW. Now most people might argue that this means absolutely nothing to anyone here in the U.S., but I'm of the personal opinion that it's worthwhile to keep an eye on these outlier countries. The initial rumblings of another global crisis will appear on the fringes first, in a similar fashion as they did with Iceland.

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