Economic Boom running out of steam?

The Warsaw Stock Exchange (WSE) indexes have been falling on fears of a recession in the US.

Earlier this week, the WIG20 index of blue chip companies dropped by 4.2%, and bearish sentiments continued. Out of 352 firms trading on the WSE, only six have seen an increase in trade. Twenty six have remained constant, but the other 320 firms, which constitute 91% of trade at the WSE, have taken a dive.

With the WSE other European markets experience sharp losses. Tuesday, the London FTSE 100 index fell 3.06 percent, while the Paris Cac 40 lost 2.83 percent to finish. In Frankfurt the Dax lost 2.14 percent. The Euro Stoxx 50 index of leading eurozone shares shed 2.26 percent to reach 4140.94.

Warsaw stocks were hit even harder than other European bourses as retail investors, in particular, lost faith in the market.

Buy gold and look on the bright side brothers - Thank goodness Poland didn't finance the sub-prime US markets.