UH-OH: CHINA'S HANG-SENG DOWN 4.5%

Hang Seng Index 19,121.35 –893.08 –4.46%

MORNING UPDATE:

• Hang Seng 18,963.89 –1,050.54 –5.25%

THINGS ARE GONNA GET WORSE BEFORE THEY GET BETTER...

THE ONE THING THAT COULD MOST HELP THE WORLD ECONOMY?

NO... NOT BERLUSCONI'S RESIGNATION.

OBAMA'S RESIGNATION!