S+P 500 takes out 5,700 as risk aversion mounts

The US stock markets are still reeling this afternoon and falling further into the red. The picture here in Europe is pretty similar too. The DAX has long since given up gains above 19,400 and now falling below 19,200 and towards 19,150. The CAC is approaching 7,550 and the FTSE iS below 8,250. The Nasdaq 10-0 has fallen further since the last update here a few moments ago and it is now heading towards 19,700. At the same time the broadest measure of the US markets; the S+P 500 has now taken out the lows seen yesterday, just ahead of the 5,700 mark and dropped below that level as the level of risk aversion mounts. In truth, under the current circumstances it would seem quite brave to try and buy into this for the time being, as there markets are running scared right now. The S+P 500 is currently trading at 5,693