The Asian and European have already fallen significantly and by the looks of it the US market is going to follow suit. As news of growing global recession reaches investors money to many projects show signs of drying up and this also include the US stock market.

The Bank of England cut its key interest rate from 2% to 1.5% which shows that banks are in desperate need of some fresh business. The US market is going to open much lower today as the stock index futures of all huge indexes are down. Wednesday’s session was very bad and saw the Dow closed down 245 points, 2.7%, to 8,770.

As oil prices continue their dive so does the US dollar with no apparent signs of picking up. Investors are now playing it safe by watching the market to make sure they don’t lose big money taking risks. This time around its not just the US but probably every major market in the world is experiencing a downturn and might plunge into a recession if things don’t pick up fast.

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