August 10, 2007 (LPAC)--

Despite Central Banks Interventions.....

European stocks dropped the most in four years...

**All national benchmarks in Western Europe's 18 markets declined.
**The U.K.'s FTSE 100 dropped 3.7 percent.
**France's CAC 40 lost 3.1 percent.
**Germany's DAX decreased 1.5 percent.
**Societe Generale SA and Deutsche Bank AG led the Dow Jones Stoxx 600 Index to the lowest since March.
**ABN Amro Holding NV fell the most in a year.

Asian stocks slumped the most in five months...

**Japan's Nikkei 225 Stock Average dropped 2.4 percent to 16,764.09, the most since March 14.
**Exporters such as Toyota and Samsung dropped.
**South Korea's Kospi index plunged 4.2 percent, the most in three years.
**The Straits Times Index in Singapore, where the government today said the economy grew at the fastest pace in two years, posted its fourth straight weekly drop, the longest streak in 14 months.
**The Morgan Stanley Capital International Asia-Pacific Index lost 3.1 percent to 149.05 as of 7:26 p.m. in Tokyo, the biggest drop since March 5. The measure, down 7.7 percent from its July 24 peak, is poised for its third weekly decline, the longest losing streak for five months.

Australia too...

**Australia's S&P/ASX 200 Index tumbled 3.7 percent, its biggest decline since September 2001.
**Macquarie, the largest Australian securities company, dropped 7 percent.
**Its Macquarie Fortress Investments Ltd. unit, which had $873 million in two high-yielding funds, said on July 31 it was forced to sell assets to avoid breaching loan agreements.
**BHP Billiton Ltd., the world's largest mining company, slid after metals prices retreated.

And in Ibero-America, too, Friday was indeed "black"...

**The Mexican stock market, BMV, dropped by 2.28%.
**Argentina's Merval stock index plunged another 2.81% on top of yesterday's almost 3% drop.
**Brazil's Bovespa dropped another 2.83% on top of yesterday's sharp decline of more than 3%. Finance Minister Guido Mantega insisted this is not the time to panic. "Brazil is in a very solid position to deal with a situation like this one. The market isn't worried about Brazil."

But fear not! The bankers of the world will unite this weekend in a noble effort, in bars and liquor stores across the globe, to prop up the markets by unprecedented consumption of alcohol. For your personal safety, you might want to stay off the streets this weekend.