By John Galt
August 20, 2011 – 08:30 ET
And the selling continues with the Saudi markets failing to hold the psychological level of 6000 and down 164.47 points as of this posting. The selling worldwid appears to be snowballing into a potentially ugly event Sunday night and Monday which will end up on America’s doorstep once again.
Update: Closed on the day -2.58%. Well below the magic 6000 level for investor confidence. Next up is a retest of the 5000 mark.