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Stocks Plunge on Global Economic Fears

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  • Description

    FBN’s Neil Cavuto on the selloffs in markets across the globe.

  • Duration 1:47
  • Date

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This transcript is automatically generated

Now here's how you know we're in an uncontrollable.

-- Not even the Pope mobile can put the brakes -- I think that's.

Welcome everybody I'm Neil Cavuto and that's pretty much the deal -- -- global -- -- can't stop beat out of this world selling.

And it continues in that is now -- -- Pope Benedict in Madrid.

To cheering throngs and -- yes.

Oh -- sell -- Spanish stocks wounding a not so saintly four point 7% they had to play music to drown it out.

But your holiness the -- It wasn't new and it wasn't just Spain.

It was well France.

It was Ingle and it was Greece.

And yes -- -- -- it was Italy.

Because oil you were looking to the skies in Madrid investors where steadily stocks through the war the world over.

Increasingly convinced their banks are in trouble and their leaders are lying about how much they are in trouble and now investors.

Well -- they're just getting out and add insult to holy injuries are investors here -- -- -- equities simply don't have a prayer because this economy of ours isn't showing much about.

Like -- -- it is a startling image really the Pope visiting a country some called ground zero.

In all of this hysteria.

On a day investors the world over seem to -- hysterically lost faith in this thing.

Whole capitalist.

Today hedge fund guy who says markets are coming to grips with this not so -- simple fact governments across.

The world are back.

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