U.S. pre-market trading suggests a major selloff

| 20 November 2008 09:00

Just after the unemployment claims number was released at 830AM ET in the U.S. markets took a sudden jolt down.  U.S. stock futures cratered, European stock markets fell more and Dollar-Yen and U.S. bond markets rose.  In fact, bonds rose so much that the two-year treasury yield fell below 1%.

Market indices are collapsing and Bloomberg Radio commentators are wondering aloud whether there is a specific trigger we are not seeing.

Source

Pre-Market Data – CNN Money

avatar About Edward Harrison

Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty years of business experience. He is also a regular economic and financial commentator on BBC World News, CNBC Television, Business News Network, CBC, Fox Television and RT Television. He speaks six languages, a skill he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.

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