Nep 2008,
Its Italy which brought european markets down last night, american markets in the day and asian in the evening. World market acts in tandem and importance of eurozone economies and euro currency to the world is so pronounced that such worldwide sell off is expected. 

I hope u have good reasons for buying whatever stocks u bought earlier in the day. Stick to certain strategies and learn from yr and others mistakes. Hope u have read abt portfolio management at least a little and familiar with margins if u r using it. I also hope u r familiar with technical analysis. And remember this, there are a lot of smarter folks doing trading and investing for living so making money won't be easy. But its possible. How long it will take and how successful u will be solely depend on ur efforts. U have my good wishes.

Tyranny, shorting MS ????? great catch bro. keep watching kbw index too. MS is considered more attractive than goldman among analysts so be careful with profit targets.

anon, europe theme has dragged market for almost 6 months. Market love to particular themes are cyclical and european theme is coming to end for now. The can will be kicked down the road and hopefully see it again next few years. As soon as italy has some solution we will move ahead again. May be in couple of weeks !!!! Get ready and find the stocks u want to be in then.......

Good Luck guys....