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[nimblebear]

Stock exchanges in Iceland, Indonesia and Russia remained closed Friday, while steep declines forced the halt of trading in Thailand, Austria, Romania and Brazil. 'It has been a morning of equity-market carnage. Panic has taken over as the credit crisis has compounded fears of a long, drawn-out economic recession.' — Analysts at RBC Capital Markets In the debt markets, the EMBI+ spread index soared 31 basis points to 567 basis points, according to data from RBC Capital Markets. In Eastern Europe, Russian markets were still closed. The Czech Republic's PX stock index fell 15% and Poland's WIG 20 stock index dropped 8%. Turkey's IMKB-100 stock index declined 8%. After dropping sharply earlier Friday, Hungary's BUX stock index reclaimed some ground to end down 3%. In Romania, the Bucharest Stock Exchange was closed for trading during most. (cant people see this derivative mess is just going to keep unwinding and the forces are far larger than the markets can withstand ? Im not saying a shut down is the solution but before you do triage and/or surgery you have to stop the hemorraging. otherwise the patient just dies from lack of blood and oxygen. Both are being sucked right out of the markets right now. Sheesh. )