re: the great wednesday Scottaru, just read this on CNN News...

re: the great wednesday Scottaru, just read this on CNN News -

"Report shows economic expectations plunge to 5 year low.
August 22 2006: 5:57 AM EDT

MANNHEIM, Germany (Reuters) -- German investor sentiment plunged in August to its lowest level in more than five years, casting a cloud over the recovery in Europe's largest economy.

The Mannheim-based ZEW economic research institute said Tuesday its economic expectations indicator for Germany, based on a survey of 307 analysts and institutional investors, fell to -5.6, the lowest since June 2001, from 15.1 in July.

It was the seventh consecutive drop in the closely-watched indicator and well below a Reuters consensus forecast for a reading of 12.0.

The euro fell 20 ticks against the U.S. dollar and September Bund futures jumped to a session peak on the figures."

Looks like the cause of the dramatic plunge in european stocks and effecting US futures.