World stocks took yet more losses Tuesday, with Europe shares hitting a record low, a day after most equity markets suffered a thorough battering at the hands of investors fearful for the global financial system.

Dollar plunges to 13-1/2 year trough vs yen, below 88… European, U.S. government debt touch fresh historic lows… Morgan Stanley’s, PNB Paribas’ losses lead stocks lower… Oil slips; OPEC’s record cut doesn’t offset demand slide

Equities surged around the world on Monday with investors taking heart from a likely rescue plan for U.S. automakers, a proposed U.S. jobs plan and more government stimulus measures to reverse economic decline.

Global stocks decline as gloomy economic news flow resumes… Euro zone services activity falls to a fresh record low… Central banks expected to cut rates aggressively… MSCI World stock index down 0.4 percent

Global stocks flat… Oil falls, trades around $53 a barrel…  Europe shares down 0.3 percent, Japan up 1.7 percent… Wall Street facing poor start… Dollar rebounds, bonds rise

Citi merger talk, equity rebound prompt FX turnaround…  Sterling also rises as risk aversion cools… Weak euro zone PMI a reminder of economic distress

Ecuador, Ghana and Tunisia are the only equity markets up in 2008. But Marc Lichtenfeld says there are still profit opportunities closer to home. Many undervalued US stocks are due a rebound in 2009. Marc picks seven proven survivors that are among the biggest and best in their fields. He also selects two small caps that are well place to lead a market recovery next year.

Whether you agree with them or not, the bailout programs will keep on coming. Keith Fitz-Gerald looks at the key impact these will have on the dollar, commodities and global stocks. He says we could be in line for a market rebound by mid-2009, and suggests six ways to prepare your portfolio now.

U.S. stocks soared yesterday (Tuesday) – with the Dow Jones Industrial Average gaining 485 points in posting its third-biggest point gain ever – as investors surged back into stocks just one day after the surprise rejection of a $700 billion bailout plan touched off a record sell-off.

In a move that will reverberate from Wall Street to Main Street, the U.S. House of Representatives yesterday (Monday) voted to reject a compromise $700 billion banking-bailout bill, an act of stunning defiance that eradicated $1.2 trillion in shareholder wealth as U.S. stocks endured their biggest one-day point loss in history.