Procon informed: right action in crisis – save your assets yesterday Monday was a black day for the stock market: after weekend with the bankruptcy or takeover, two of the world’s largest investment banks and the serious difficulties of one of the world’s largest insurer is three bad news rocked the financial sector, the stock markets at the beginning of the trade went around the globe in a tailspin: in London, Zurich, Madrid and Milan buckled the stock indexes by more than four percent, while the Paris benchmark index CAC40 lost over five percent. Also the German leading barometer was not spared by the downward trend. The DAX lost around four percent and recorded with 5.858 meters for the first time since October 2006 back below 6,000 points, and the lowest level for two years. The STOXX 50 fell by 4.9 percent to 2,719 points. Financial stocks under pressure especially the Financials were under pressure after Lehman Brothers on Monday morning on Wall Street had applied for protection from creditors. In Frankfurt broke then the shares of the fourth-largest US Investment Bank by more than 88 percent to around 28 euro cents. And the papers of the Bank of America (BoA) lost almost 12 percent after the Bank had announced the acquisition of Merrill Lynch also bankruptcy-threatened Bank.

Neat springs can also the largest US insurer AIG had to, after he asked the American Central Bank fed at the weekend to a short-term cash injection. Already in premarket trading, the AIG stock is traded on the New York collapsed stock market to 34 percent. After opening, the stock price then crashed by a further 45 percent. After all, the depreciation below the line on summed over $18 billion had there in the last three quarters. Central banks pump billions into money market in a first reaction to the breakdown of the major money houses and central banks have pumped around the world billions into the money market an increasingly emerging crisis on the financial sector, to ensure the functioning of the money market.