10:23 AMPicks and Pans from the Pros: Soros: China (PGJ, FXI) , India (INP), Brazil (EWZ) Paulson: Capital One (COF), JPMorgan (JPM), CB Richard Ellis Group (CBG), Petro-Canada (PCZ) Fournier: WellPoint (WLP), Foundation Coal (FCL), PHH Corp. (PHH)
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14:29 PM
Morgan Stanley becomes one of the first to mention a Brazil recession. It expects growth of 2% next year, but "a figure closer to zero cannot be ruled out," economist Marcelo Carvalho says. EWZ -8.1%. It's down 56.1% over the past three months.
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13:12 PM
Emerging market stocks (ETF: EEM) fell the most in at least 20 years, and exchanges in Brazil (EWZ) and Russia (RSX) halted trading as the global banking crisis escalated in Europe and oil fell below $90 a barrel. "Fear of a deeper global recession is building."
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