The U.S markets in a bear hug??

The sub prime mortages are having an all around effect on all of the world markets with the U.S markets riding the wave.no one knows when the wave of the 'sub primes' will crest over and that one should just grit one's teeth and ride it all out.with the sub primes pushing the U.S stock markets down the impact on the Euro markets has been worse than anticipated.this even led to the BNP Paribas freezing off three of its debts funds right away.
According to some of the experts,BNP Paribas may even take more hits in the days to come.on top of this,there seems to be an apperance of a liquidity crunch appearing ion the European markets with banks reluctant to lend to each other!still the next week may even throw further googlies at the world markets.as such besides the U.S markets it is the European markets which are impacted the most by the 'sub primes'.the Asian markets on the whole are insulated from this as their banks are not that vulnerable to mortgage foreclosures in the United States.however,as the U.S markets get into even a more of a bear hug,it is only reasonable to expect the world markets all over to react to this with some sentiment even as far away as the BSE sensex!

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