tcisboss,This is a global issue, I don't see it as confined to...

tcisboss,

This is a global issue, I don't see it as confined to one small region in the Middle East?

Once again I'll reiterate, it may very well be old news but markets are rarely if EVER wrong. The news has obviously scared the pants off global markets that are already in a fragile state?

It's not going to take very much at all for the global house of cards to once again tumble only this time there's little or no scope for gove't intervention & private enterprise isn't capable of doing the heavy lifting.

Look at the figures from within Australia - the Resources Sector is once again steaming ahead while manufacturing is in serious trouble. Problem with that is manufacturing is a much more sizeable component of the Australian econmomy than is mining!

I could go on & on, if in doubt have a look at the VIX index in the morning after the US markets close. Presently it's at an almost record recent low of 20.48. I'd put money it'll be higher than that in the morning?

CLM