of the turmoil on wall street has been triggered by fears over the european debt crisis and the anemic economies. and richard quest, one of the best people to turn to when we want perspective on the global economy. he joins us from london. what happened in the european markets today? reporter: the europeans went down initially and then down further and they rallied with wall street. we closed down 1% in london, and paris 1%, and frankfurt, once again the german market is being creamed by what is happening at the moment, by far and away being breutally attacked. and the german industry has made much from the exports and those promised to be hit by the u.s. slowdown and elsewhere in the world. putting it altogether for you, and as we look at the weekend, i cannot agree more with alison, and basically what we are seeing this afternoon is market exhaustion. people have literally just have been gasping there way. there will betrayeding because of triple witching. but by and larg