Global Cacaphony Clocks Stocks

It's baaaaaaaaaaaaack!  Concerns about the new European bailout program and its long term affability plagued markets today as European bourses sold off in numbers.  U.S. markets were quick to follow, opening with early losses of 150 points.  The Chicago Purchase Managers Index provided more negative news and Japan announced that it would devalue the yen making their products cheaper here and our exports more expensive.  Millionaire Jon Corzine's company filed for bankruptcy and the Greek Prime MInister asked for a referendum on the new debt reilief measure.  All in all it sounded like the theme song frim "Car 54 where are you".  The Dow closed down 276 points.