The $586 billion stimulus package Beijing announced Sunday was a flop with the markets, at least. Seeking Alpha estimates that the effect of the stimulus package on the stock markets in China "lasted...err...about 12 hours."

After one day of stock market celebration in China, the bears are back in Shanghai and Hong Kong (as well as other markets). The FTSE was down today by 3.57%. Stocks in Singapore were down 4.14%. And Germany's DAX was down 5.25%


Photo courtesy of iStockphoto, Alex Slobodkin