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Dow sinks 389 as Europe uncertainty deepens

NOTE :

HSI UP 20,014.43 (+335.96 or +1.71%)
DOW DOWN 11,780.94 ( -389.24 -3.20%)

Dow plunges 389 as Italy's borrowing rate soars and Greek political chaos deepens

NEW YORK (AP) -- Trouble on two fronts in the European debt crisis sent American stocks tumbling Wednesday to their biggest loss since the rocky trading of last summer. The Dow Jones industrial average fell almost 400 points.

Stocks were down from the opening bell after borrowing costs in Italy spiked to dangerous levels, a sign that investors are losing faith in Italy's ability to repay its national debt.

"Italy is potentially too big to bail out, but that's the problem," said Ryan Detrick, senior technical strategist at Schaeffer's Investment Research. "It's spiraling out, and the question is now, how do you fix it?"

In Greece, meanwhile, power-sharing talks aimed at avoiding a default broke down in chaos.

The Italian economy is more than six times larger than that of Greece, which so far has been the center of the continent's debt problem. American investors are worried that the consequences from Europe could include a freeze in lending, the disintegration of the euro currency or a bruising recession that would hurt the U.S.

They sold stocks as a result. The Dow finished down 389.24 points, at 11,780.94.

http://beta.finance.yahoo.com/news/dow-sinks-389-europe-uncertainty-222541915.html

The uncertainty and big twists seems a routine sentiments ... therefore...you are the hunter or the prey during this routine ? You have the choice ...