We shall have to keep a close eye on tomorrow’s stock market open. The reports are that stock markets around the world fell sharply today. The US market is off due to Martin Luther King Jr. day.

From Dow Jones:

“March contracts on the Dow Jones Industrial Average traded 353 points lower to 11,753.

The S&P 500 futures fell 55 points to 1,270.10 and the Nasdaq 100 futures lost 72.25 points to 1,777.25.”

Again from Dow Jones:

“The futures declines are on the back of big drops in European and Asian stock markets.

From developing markets like Shanghai — down over 5% — to established ones in Paris — down nearly 6% — financial institutions around the world sold off.”

With the markets rising in the last two years, do you even remember the last crash?

In 2001, a global stock crash was triggered by the 9/11 attack on the United States. The U.S. markets were closed after the attacks, which occurred just as the trading day was about to begin. The Tokyo stock market slipped to 17-year lows, the Nikkei losing 6.23%.

European stock indices fell to their lowest levels since December 1998. London’s FTSE 100 index dropped 5.7% in its biggest one-day fall since the crash of October 1987.

Let’s hope for the best. It’s going to be a wild ride.

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