Asian stocks fall in volatile session after historic Wall St. plunge

was off 2.16%. Australian shares were up 2.73% although this followed a plunge of almost 10% on Monday.

U.S. stock futures ESc1 rose by their daily limit in Asian trading, also driven in part by hopes for big U.S. fiscal spending. This lifted some Asian bourses into positive territory, but the gains did not last. Oil futures rebounded in Asia, but downside risks remain due to an expected slump in global energy demand and Saudi Arabia’s plans to increase crude output to expand its market share.

Group of Seven finance ministers are likely to hold a call on Tuesday night, which has fueled speculation that a coordinated fiscal response could be in the works. Some investors say markets will not settle unless the U.S. government announces a big fiscal spending package to match the Fed’s bold actions to slash rates and keep credit markets functioning.

The more we stay shut down and the more we shut down.... the more we will plunge.... duh? RE-OPEN

BlackTuesday coming?!

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