In a reaction to today's market falls by Clem Chambers, CEO of ADVFN said: 'This morning looks like the beginning of the next leg of this global market crash. Asia fell 2-3% across the board, from Tokyo, Australia, Singapore and beyond.
The FTSE opened 2% down, with Germany and France breaking down through technical barriers into what looks possible to be a free-fall. Only a “shock and awe” move by the ECB or a similar authority, such as the US Fed or the German or French government can now save markets from an economy shaking crash and the start of “Credit Crunch part II”'
