Equities all over the world are being sold off.

All Asian indices closed deep in the red...

China's Shanghai Composite - down 5%.
Hong Kong's Hang Seng - down 5.5%.
Japan's Nikkei 225 - down 4%.
Singapore's Strait Times - down 6%.
South Korea's Seoul Composite - down 3%.
India's Sensex - down 7.5%.

At the time of making this post.....European Indices are sharply down too.

France's CAC - down 6%.
Germany's DAX - down 7%.
UK's FTSE - down 4.5%.

US markets will be closed today (Martin Luther King Jr.'s Birthday). They will open tomorrow - 22/01/2008.

==========================================

In such volatile situations, it is always advisable not to try to trade.

Avoid leveraged positions.

Go long only if you see value and if you have the holding power.

__________________
Read All Rules Before Making Any Post | E-Investing on Google+

All the analysts on CNBC Europe seem so hyper.

Apart from the technical analysis there seems to be a general mood of panic and a whole lot of predictions about entering bear markets.