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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: RockyBalboa who wrote (216249)	8/19/2009 7:10:17 AM
From: Dan3	Read Replies (2) \| Respond to of 306849

World stocks fall as China market unravels By JEREMIAH MARQUEZ, AP Business Writer Jeremiah Marquez, Ap Business Writer – 2 hrs 1 min ago HONG KONG – World stocks lurched lower Wednesday, with Shanghai's index tumbling as much as 5 percent, as this year's powerful rally started to peter out amid concerns the markets were overheating. Asia's markets were modestly higher through the morning in lethargic trade before getting whacked, with Europe following them down in early trade. Crude oil prices along with Wall Street futures gave back their early gains. The drop came on the heels of a steep fall in world markets Monday when investors were spooked by weakness in American consumer spending and losses in Shanghai that seemed to augur an end to the five-month rally that's boosted benchmarks over 50 percent. China again led Asia lower Wednesday. More at: news.yahoo.com