7.9 QUAKE IN PERU

WELL WE HAVE GOT AN ACTIVE MORNING IN PROPHECY AROUND THE WORLD. 300 DEAD IN THE PERU QUAKE, WILDFIRES RAGE IN SOUTHERN TURKEY, STORM READY TO DESTROY LAND IN TEXAS AND THE STOCK MARKETS ARE REALLY FALLING AROUND THE WORLD.

EARTHQUAKES

MATTHEW 24:7-8
7 For nation shall rise against nation, and kingdom against kingdom: and there shall be famines, and pestilences, and earthquakes, in divers places.
8 All these are the beginning of sorrows.

MARK 13:8
8 For nation shall rise against nation, and kingdom against kingdom:(ETHNIC GROUP AGAINST ETHNIC GROUP) and there shall be earthquakes in divers places, and there shall be famines and troubles: these are the beginnings of sorrows.

LUKE 21:11
11 And great earthquakes shall be in divers places, and famines, and pestilences; and fearful sights and great signs shall there be from heaven.

Peru earthquake kills more than 300 AUG 16,07

LIMA (AFP) - A powerful earthquake devastated several Peruvian cities killing at least 337 people in toppled buildings and forcing the government to declare a state of emergency on Thursday.As many as 1,000 people were injured and tens of thousands of panicked residents flocked onto the streets fearing aftershocks, after the 7.9-magnitude quake rattled the country for two terrifying minutes late Wednesday.The towns of Pisco, Chincha, and other localities in Peru's southern coastal region were said to be in ruins after the biggest earthquake to hit the South American nation in decades.Buildings left standing had their windows smashed and trees were toppled.

In the coastal city of Ica, 300 kilometers (190 miles) south of Lima, the Senor de Luren church collapsed during a service, killing at least four worshippers and injuring dozens.The nearby city of Pisco was also hit hard with many people killed in their homes as roofs caved in.The government sent a convoy of trucks to the region carrying medical supplies, doctors and nurses.The quake and aftershocks sparked panic in the capital, Lima, where people camped on the streets for hours after the first big tremor and most buildings were evacuated as a precaution.Cut telephone lines were slowly reconnected in the capital but power and water services continued.The quake struck just offshore at 6:41pm (2341 GMT) and prompted evacuations along the Pacific coast because of fears of a tsunami. The Pacific Tsunami Warning Center later lifted its warnings.

The government declared its highest state of emergency as authorities grappled with collapsed buildings and cut power and telephone lines.Hospitals around the country were put on high alert amid predictions the death toll would rise and the health ministry made an emergency appeal for blood donations.A strike launched Wednesday by some health workers was called off so all doctors and nurses could help with the emergency and the authorities closed schools to avoid the risk of new casualties in the quake ruins.President Alan Garcia went on national television to appeal for calm.

Fortunately, the number of dead is not high for a quake of this power, he said. Thanks to God almighty, it has not been as serious as in the past.Peru has long lived in fear of a repeat of a 1970 earthquake killed 70,000 people, many of whom perished in the mountain city of Huaraz which was buried by a mudslide.A 2001 earthquake in the southern Peruvian state of Arequipa killed 75 people and destroyed 25,000 homes.The quake measured 7.9 on the moment magnitude scale, according to the US Geological Survey (USGS). Peruvian authorities said it measured 7.7 on the open-ended Richter scale. The epicentre was offshore about 148 kilometers (92 miles) southwest of Lima at a depth of 40 kilometers (25 miles), according to USGS.

A second 5.9 magnitude earthquake struck about an hour and 20 minutes later near the same location and at a depth of 10 kilometers (0.6 miles).Late Wednesday, the country was rattled by a 5.6 magnitude aftershock near the coast of central Peru.
Nearly 40 minutes after the first quake, tsunami warnings were issued for the 11 countries on the Pacific south of the United States, especially Chile, Peru, Ecuador and Colombia.The Colombian government evacuated buildings in the port cities of Tumaco, Buenaventura and Bahia Solano. Peruvian authorities told residents of La Punta district, in the port of Callao which serves Lima, to leave their homes.
Although a subsequent advisory from the center stated that sea level and subsurface instruments indicated a tsunami had been generated by the quake, the warning was cancelled at 0209 GMT.

EARTH DESTROYED WITH THE EARTH

GENESIS 6:11-13
11 The earth also was corrupt before God, and the earth was filled with violence.(WORLD TERRORISM,MURDERS)
12 And God looked upon the earth, and, behold, it was corrupt; for all flesh had corrupted his way upon the earth.
13 And God said unto Noah, The end of all flesh is come before me; for the earth is filled with violence (TERRORISM) through them; and, behold, I will destroy them with the earth.

STORMS HURRICANES-TORNADOES

LUKE 21:25-26
25 And there shall be signs in the sun, and in the moon, and in the stars; and upon the earth distress of nations, with perplexity;(MASS CONFUSION) the sea and the waves roaring;(FIERCE WINDS)
26 Men’s hearts failing them for fear, and for looking after those things which are coming on the earth: for the powers of heaven shall be shaken.

Texas braces for Tropical Storm Erin; hurricane Dean forms in open Atlantic
By Elizabeth White AUG 16,07

CORPUS CHRISTI, Texas (AP) - Some vacationers packed up while others vowed to wait out Tropical Storm Erin and its torrential rainfall as it headed for flood-weary Texas early Thursday. Meanwhile, hurricane Dean formed in the open Atlantic and headed toward the Lesser Antilles in the Caribbean, forecasters said. Erin was not expected to gain hurricane strength before making landfall Thursday morning, which was why some said they wouldn't abandon long-planned trips to Texas' coast. It's not a hurricane. I ain't worried. If they say don't evacuate, I'm not going to worry about it, said Matt Sandlin of Amarillo, who was on a beach near Corpus Christi with his family on Wednesday as the wind whipped up and the horizon darkened with clouds. Unless I see a shark or whale go flying by, I'm good.Gov. Rick Perry ordered emergency vehicles and personnel, including National Guard troops, to the Harlingen and Corpus Christi areas. Because storms have saturated much of our state this summer, many communities in this storm's projected path are at high risk of dangerous flash flooding,Perry said in a statement.

Early Thursday, the National Weather Service issued flash flood warnings for six counties along the Texas coast near the anticipated landfall of the storm. Cameron County Judge Carlos Cascos, the top elected official for the state's southernmost county, urged residents to evacuate trailers and mobile homes on South Padre Island.
Corpus Christi hadn't asked for any evacuations, said Ted Nelson, a city spokesman, and was keeping only a handful of people at the emergency operations centre overnight. We're just advising folks to review their own personal emergency plans and look around your yard and remove any loose items, he said. Nelson said that with 3½ months left in the Atlantic hurricane season, the incoming storm was a nice little wake-up call for people to make sure they are prepared for more severe weather.

Some weren't taking any chances.

We came out to get as much beach time in as possible, said John Cullison of the Dallas area, who was vacationing with his family and planned to leave southern Texas Thursday instead of Friday. After the hurricanes from a few years ago, you have to take it kind of serious.Erin formed late Tuesday as the fifth depression of the Atlantic hurricane season and was upgraded to a tropical storm Wednesday when its maximum sustained speed hit 64 km/h. The threshold for tropical storm status is 62 km/h. At 5 a.m., the storm was centred about 4 southeast of Corpus Christi and about 1 southwest of Galveston, according to the National Hurricane Center in Miami. Its top wind speed remained at 64 km/h. Erin was moving toward the west-northwest at around 19 km/h and was expected to continue following that track for at least 24 hours. Erin was likely too close to land to gain enough wind speed to become a hurricane, which would require sustained winds of at least 119 km/h, said National Weather Service forecaster Tony Abbott in Brownsville. But the centre said late Wednesday it could strengthen slightly before landfall.

Isolated tornadoes were possible along the middle Texas Gulf Coast on Thursday, the centre said. In the Caribbean, hurricane warnings were issued for the islands of Dominica and St. Lucia by their local governments as Hurricane Dean approached. Hurricane watches were in effect for the islands of Martinique and Guadeloupe and its dependencies, Saba and St. Eustaties. At 5 a.m., Dean was centred about 780 kilometres east of Barbados and about 950 kilometres east of Martinique, according to the National Hurricane Center. It was moving west near 39 km/h, and was expected to continue the same path for the next 24 hours. Maximum sustained winds were near 120 km/h, above the threshold for a hurricane. Dean is a Category 1 hurricane and is expected to strengthen during the next 24 hours, forecasters said. Out in the Gulf, Shell Oil Co. evacuated 188 people from offshore facilities in the path of Tropical Storm Erin. A tropical storm warning was posted for the Texas coast from San Luis Pass, about 80 kilometres southwest of Houston, southward to the border. A tropical storm warning means that tropical storm conditions are expected within 24 hours. A tropical storm watch for northern Mexico was cancelled.

As much as 200 millimetres of rain was possible along the middle Texas coast, the hurricane centre said, with a storm surge of just under a metre above normal tide levels north of where the centre makes landfall. The U.S. Census Bureau said Wednesday that four million people could feel the storm's effects. A series of storms this summer poured record rainfall across Texas and parts of Oklahoma and Kansas, with one July storm dropping more than 430 millimetres of rain in 24 hours. Flooding was widespread across all three states. It brought Texas out of drought status for the first time in more than a decade. At least 16 deaths have been blamed on flooding since mid-June. In the Pacific, Flossie was downgraded from a tropical storm to a tropical depression, a day after sideswiping Hawaii's Big Island with only intermittent rain and moderate winds.

It was a close call: Flossie approached the biggest and southernmost of the Hawaiian Islands with winds as high as 225 kilometres per hour earlier in the week, making it a Category 4 storm. If it had made landfall, the powerful hurricane would have been the first to hit the isles since Iniki slammed Kauai in 1992, killing six people.
The storm that never was, said Karin Funai as she chatted with friends over coffee at the Pahala Town Cafe. This was nothing.Hurricane specialists expect this year's Atlantic hurricane season - June 1 to Nov. 30 -to be busier than average, with as many as 16 tropical storms, nine of them strengthening into hurricanes. Ten tropical storms developed in the Atlantic last year, but only two made landfall in the United States.

Almost 300 dead or missing in N Korea floods AUG 16,07

SEOUL (AFP) - Almost 300 people are dead or missing in floods in North Korea, an aid agency said Thursday, as the communist state painted a grim picture of inundated crops and homes, flooded mines and washed-out roads.The International Federation of Red Cross and Red Crescent Societies (IFRC) said 214 were killed and 80 are missing in what it has called the worst floods to hit the impoverished country in a decade.
The acting head of the IFRC delegation in Pyongyang, Terje Lysholm, told AFP by phone that the figures -- the first detailed casualty count -- came from the government.Some 300,000 people are homeless, according to official data, and 11 percent of the grain harvest -- equivalent to some 450,000 tons -- was lost in a country which already needs foreign aid to feed its people.

In the latest unusually detailed report from the reclusive state, an official broadcasting station said main roads, including one linking the capital Pyongyang to the eastern city of Wonsan, were badly damaged.Korean People's Army soldiers are also out in force to stage hectic struggles to restore roads, it said, as quoted by Seoul's Yonhap news agency.Parts of the showpiece capital lost power, and bus and subway services were hit, Kim Sung-Gwan of the electric power ministry told Pyongyang radio.Power equipment in the western provinces of North Hwanghae and South Pyongan was inundated or damaged.Some 46,580 homes of 88,400 families were destroyed or damaged, 400 commercial plants and 20 mines were flooded and landslides cut railways in 43 places, official media said.The IFRC has said at least 100,000 hectares (247,000 acres) of farmland were inundated but it reported improved weather Thursday.

The situation is better, there is no rain today and the Taedong river level has decreased a lot, Lysholm said, referring to the river which flows through the capital.North Korea faced a food shortfall this year of one million tonnes, or 20 percent of its needs, even before the floods hit. It suffered a famine in the mid- to late 1990s which killed hundreds of thousands.The World Food Programme said it has proposed an emergency programme to feed 500,000 people for a month and is awaiting Pyongyang's response.If the North approves this, the WFP will immediately launch an international appeal for funds to avoid having to cut back on its existing programme, said its regional spokesman Paul Risley.The UN agency currently feeds 750,000 people, mainly children and pregnant or nursing women, and plans to expand this to 1.9 million by next month.Risley told AFP the speed with which Pyongyang publicised damage could indicate the severity of the situation.Political developments may also have increased the government's willingness to work more closely with international organisations, he said, citing the North's commitment to denuclearise and the upcoming inter-Korean summit.But some analysts say the North may have exaggerated damage to secure aid.

North Korea in recent years has tended to exaggerate losses from natural disasters to obtain as much outside aid as possible, Professor Nam Sung-Wook of Korea University told AFP.Lee Young-Hoon, an expert on North Korea at the central bank, could not say if damage had been exaggerated but added that flooding was largely man-made.Since the North reached out to the outside for help following the disasters in the mid-1990s, it has been pretty open about any damage from natural disasters, apparently being conscious of outside aid, he said.Much of the blame for the damage should be put on the disastrous failure in policies, especially in agriculture, Lee said.Because of the silt from deforested mountains and terraced rice paddies, riverbeds are rising every year.Trees are cut both to clear land for agriculture and for fuel in the energy-starved country

COUNTRIES WITH ISRAEL

EZEKIEL 38:10-19
10 Thus saith the Lord GOD; It shall also come to pass, that at the same time shall things come into thy mind, and thou shalt think an evil thought:
11 And thou (Russia) shalt say, I will go up to the land of unwalled villages; I will go to them that are at rest, that dwell safely, all of them dwelling without walls, and having neither bars nor gates,
12 To take a spoil, and to take a prey; to turn thine hand upon the desolate places that are now inhabited, and upon the people that are gathered out of the nations, which have gotten cattle and goods, that dwell in the midst of the land.
13 Sheba, and Dedan,(SAUDIA ARABIA) and the merchants of Tarshish,(ENGLAND) with all the young lions thereof,(USA,CANADA,AUSTRALIA,NEW ZEALAND,EU,ENGLISH SPEAKING shall say unto thee, Art thou come to take a spoil? hast thou gathered thy company to take a prey? to carry away silver and gold, to take away cattle and goods, to take a great spoil?
14 Therefore, son of man, prophesy and say unto Gog, Thus saith the Lord GOD; In that day when my people of Israel dwelleth safely, shalt thou not know it?
15 And thou shalt come from thy place out of the north parts, thou, and many people with thee, all of them riding upon horses, a great company, and a mighty army:
16 And thou shalt come up against my people of Israel, as a cloud to cover the land; it shall be in the latter days, and I will bring thee against my land, that the heathen may know me, when I shall be sanctified in thee, O Gog, before their eyes.
17 Thus saith the Lord GOD; Art thou he of whom I have spoken in old time by my servants the prophets of Israel, which prophesied in those days many years that I would bring thee against them?
18 And it shall come to pass at the same time when Gog shall come against the land of Israel, saith the Lord GOD, that my fury shall come up in my face.
19 For in my jealousy and in the fire of my wrath have I spoken, Surely in that day there shall be a great shaking in the land of Israel;

Israel and United States sign record-high military aid deal
By Aron Heller AUG 16,07

JERUSALEM (AP) - The United States offered Israel on Thursday an unprecedented $30-billion military aid package, bolstering its closest Mideast ally. The aid deal signed in a ceremony in Jerusalem represents a 25 per cent rise in U.S. military aid to Israel, from a current $2.4 billion each year to $3 billion a year over 10 years.
Nicholas Burns, the U.S. undersecretary of state for political affairs, and Israeli Foreign Minister Director-General Aharon Abramovitz signed the memorandum of understanding on the assistance at a ceremony in Jerusalem. The package was meant in part to offset U.S. plans to offer Saudi Arabia advanced weapons and air systems that would greatly improve the Arab country's air force. Israel has said it has no opposition to the U.S. aid to Saudi Arabia, which comes as the United States strengthens moderate Arabs in facing the growing influence of Iran.

The U.S. administration sees the regional threats to Israel - namely Iran, and the Hezbollah and Hamas militant groups - as threats to the United States as well, Burns said. We look at this region and we see that a secure and strong Israel is in the interest of the United States, Burns said. The chief of Israel's central bank, Stanley Fischer, said the U.S. aid is of critical importance to Israel, whose defence budget constitutes about 10 per cent of its Gross Domestic Product. The aid package to Israel was finalized in June in Washington between U.S. President George W. Bush and Israeli Prime Minister Ehud Olmert. Olmert has said the increase in military aid to Israel would guarantee its strategic superiority, despite upgrades to Arab countries in the region.

The U.S. has long-standing commitments to Israel and to Egypt, which in 1979 became the first Arab state to make peace with Israel. Egypt currently gets $1.3 billion a year in military assistance. At the same time, the U.S. is seeking to strengthen other moderate Mideast allies, largely as a counterweight to Iran's growing influence. The United States and Israel accuse Iran of developing nuclear bombs, a charge Tehran denies. Iran, whose leader has repeatedly called for Israel to be to wiped off the map, is viewed by Israel as its main enemy. Shiite Muslim Iran also concerns the Saudis and other Sunni-led Arab allies of the United States. The Bush administration must still receive Congressional approval for the aide deals, but Burns said he believed there would be little opposition in the Senate and House to the Israeli package.

HOARDING OF GOLD AND SILVER

JAMES 5:1-3
1 Go to now, ye rich men, weep and howl for your miseries that shall come upon you.
2 Your riches are corrupted, and your garments are motheaten.
3 Your gold and silver is cankered; and the rust of them shall be a witness against you, and shall eat your flesh as it were fire. Ye have heaped treasure together for the last days.

EZEKIEL 7:19
19 They shall cast their silver in the streets, and their gold shall be removed: their silver and their gold shall not be able to deliver them in the day of the wrath of the LORD: they shall not satisfy their souls, neither fill their bowels: because it is the stumblingblock of their iniquity.

Stocks fall despite Fed’s $7 billion repo
Dow closes below 13,000 amid bad housing news, surge in price of oil
Updated: 4:46 p.m. ET Aug 15, 2007

NEW YORK - Wall Street tumbled again Wednesday after the Federal Reserve added more cash to the banking system but failed to quash investors’ jitters about problems in lending.The market traded nervously, jerking the Dow Jones industrial average above and below the 13,000 mark throughout the day as investors wrestled with reports about potential trouble at Countrywide Financial Corp. and KKR Financial Holdings LLC.By late in the day, investors saw little reason to buy beyond the fact that stocks are at bargain prices right now; but that wasn’t enough for the market to hold any gains, and so the Dow dropped about 170 points. The Standard & Poor’s 500 index also dropped sharply, and is now down for the year.

Central banks worldwide have supplied billions of funds to banks over the past week to make cash available for lending and keep interest rates stable amid signs that credit was drying up. On Wednesday, the Fed said it would accept a repo of $7 billion, in which it buys that amount in securities from dealers, who then deposit the money into commercial banks.Still, the Fed has not indicated that it will free up more cash by making an interest rate cut at its Sept. 18 meeting, a move that many on Wall Street believe could stoke a stock recovery. Inflation has been keeping the central bank from lowering rates; the Labor Department said Wednesday its Consumer Price Index rose a mild 0.1 percent in July, as expected, but energy prices remain high.

Yes, the market would probably move dramatically higher if they made a cut, said Linda Duessel, market strategist at Federated Investors in Pittsburgh. “But I think it’s more prudent to allow this correction to continue to unfold. After all, we’re in the month of August and coming into September — historically, the weakest months of the year. The market has been in need of a correction.According to preliminary calculations, the Dow fell 167.45, or 1.29 percent, to 12,861.47, closing below 13,000 for the first time since April 24 and continuing a weeks-long pattern of triple-digit moves. The blue chip index is more than 8 percent below its record close above 14,000 reached in mid-July.Broader stock indicators also fell. The S&P 500 index dropped 19.84, or 1.39 percent, to 1,406.70, and the Nasdaq composite index lost 40.29, or 1.61 percent, to 2,458.83.

Bonds rose, moving in the opposite direction as stocks. The yield on the benchmark 10-year Treasury note fell to 4.71 percent from 4.73 percent late Tuesday.The Dow rose as many as 90 points Wednesday, as investors searched for bargains among hard-hit stocks.The most savvy investors are seeing an opportunity with the increase in volatility. Individuals not as used to this are having trouble navigating through it, said James Smothermon, Charles Schwab’s active trading and investing strategist. He said clients have been changing their strategies through tactics like buying insurance on their portfolios and buying put options, or contracts that let an investor sell part of an asset at a set price within a certain time period.But ultimately, investors sold off, focusing on the possibility of problems at lenders like Countrywide Financial. Merrill Lynch issued a sell rating on the stock, kindling worries about the biggest U.S. home lender’s ability to raise cash to secure short-term funds.

Countrywide sank $3.17, or 13 percent, to $21.19.

In another sign that the market’s lending woes are far from over, KKR Financial said it sold about $5.1 billion in residential mortgage loans in a move that will result in a $40 million loss for the specialty finance firm. KKR fell $4.76, or 31 percent, to $10.52.Meanwhile, the housing market outlook remains grim. National Association of Home Builders said its housing market index, which tracks builders’ perceptions of current market conditions and expectations for home sales over the next six months, dropped this month to the lowest reading since January 1991. It was the sixth straight monthly decline.Crude futures rose 95 cents to $73.33 a barrel on the New York Mercantile Exchange, after momentarily surpassing $74. The National Hurricane Center said Tropical Storm Dean, strengthening in the Caribbean and heading west, could be a major hurricane by Thursday, while Tropical Storm Erin entered the Gulf of Mexico. The Russell 2000 index of smaller companies fell 11.33, or 1.49 percent, to 751.54.Declining issues outnumbered advancers by 5 to 1 on the New York Stock Exchange, where trading volume came to 1.99 billion shares, up from 1.6 billion Tuesday.Overseas, Japan’s Nikkei stock average slid 2.19 percent. Britain’s FTSE 100 lost 0.56 percent, Germany’s DAX index rose 0.28 percent, and France’s CAC-40 dropped 0.66 percent.

World stocks plummet yet again AUG 16,07

LONDON (AFP) - Global share prices tumbled again on Thursday, with a brutal round of losses in Asia and Europe as investors took flight on fears of fallout from the US housing market crisis.Traders are worried about a global credit squeeze as more banks and investment funds around the world reveal their exposure to the slumping US subprime or high-risk home loan sector, analysts said.From London to Tokyo, Shanghai to Mumbai and Hong Kong to Sydney, weary traders' screens were awash with red again on Thursday as fears over US housing continued to buffet stock markets.Across Europe, markets nursed more heavy losses after further dramatic falls in Asia that were sparked by yet another overnight slump in New York.All eyes remained on Wall Street where credit market anxiety gripped investors again Wednesday as the fear of the unknown prompted a flight to safe haven assets such as government bonds. US markets reopen at 1330 GMT.

The mood changed again on Wall Street ahead of last night's close, with another sustained run of selling as traders remain somewhat unsure of the extent of the credit squeeze and sub-prime fallout, said CMC Markets trader Adam Neal in London on Thursday.French President Nicolas Sarkozy, meanwhile, called for the Group of Seven most industrialised nations to take steps to improve transparency in world markets in the wake of the US home loan crisis.Markets have buckled under a fresh wave of selling as the growing fallout from turmoil in US credit markets prompted investors to flee to safe havens such as bonds.Australian home loan group RAMS sparked fresh jitters after it failed to roll over five billion US dollars in debt due to worries over the US credit crunch.In early deals on Thursday, London's FTSE 100 index of leading shares slumped as much as 2.3 percent to 5,968.80 points -- the lowest level since October 5, 2006.That was the first time the FTSE has fallen beneath 6,000 points since March 5 earlier this year. The index later stood at 5,984.60 points.

In Frankfurt, the DAX 30 index dived 1.91 percent to 7,303.77 points, and the Paris CAC 40 tumbled 2.27 percent to 5,319.15 points.Markets in Amsterdam, Madrid, Milan and Stockholm all registered steep losses of around 2.0 percent in early trade.There has been no let up in the financial market turmoil with equity markets in the US last night and Asia today all lower underlining the fact that fears and uncertainty remain to the fore, said economist Derek Halpenny at The Bank of Tokyo-Mitsubishi.
In a nerve-wracking day for investors, Seoul reeled from its biggest ever one-day plunge in terms of points, ending down 6.93 percent.And South Korean shares tumbled almost 7.0 percent, posting their biggest ever one-day point decline.Tokyo's benchmark Nikkei-225 index fell below the key 16,000-point level for the first time since November before clawing back to end down 1.99 percent.

Hong Kong shares tumbled 3.3 percent, the Chinese market dived by 2.14 percent and Singapore shed 3.86 percent.A fresh 400-billion-yen (3.4 billion dollars) injection of funds into the banking system by the Bank of Japan failed to calm frayed nerves.
New York stocks had fallen sharply on Wednesday on fresh anxiety about the credit market, despite the US Federal Reserve's seven-billion-dollar cash infusion to support the financial system.The US Dow Jones Industrial Average shed 1.29 percent to end at 12,859.19 points -- the fifth straight closing loss and the first time since late April it closed below 13,000.Market watchers said that confidence had drained out of the markets, so even though many stocks look cheap there is no obvious trigger on the horizon for a rebound.Meanwhile, crude oil prices fell heavily as traders fretted that the turmoil on global markets could crimp economic growth and demand for energy.