World Stocks Tumble

European stocks fell again on Friday despite German approval of a euro zone rescue package, as markets remained unconvinced the aid would resolve the debt crisis. The euro, however, found support from short covering. Wall Street was also set to open lower, after plunging nearly 4 percent in the previous session. In the general flight to safety bund futures extended their gains, up 28 ticks on the day to 128.59, with the German 10-year government bond yield hitting a record low at 2.656 percent.

"We are heading into the U.S. session here and the markets want to be better bid. The market is just anticipating more risk aversion trades ... People are still shedding risk and risk assets," a bond trader said. World stocks as measured by the MSCI All-Country index were down 0.41 percent, with the more volatile emerging markets component down 0.38 percent.

The euro continued to benefit from hedge funds scrambling to cover short positions and rose 0.32 percent to $1.2501. Germany's lower house of parliament approved a law allowing the country to make the biggest contribution to a 750 billion euro emergency debt package to help protect the euro, but markets remained troubled by what they perceive as poor co-ordination amongst European members in tackling the crisis.

European finance ministers were meeting later on Friday to discuss changes to budget rules to prevent another Greek-style debt crisis. The FTSEurofirst 300 index of top European shares was down 2.2 percent, extending sharp falls over the previous two sessions after Germany's decision to ban naked short selling on some assets raised fears about a lack of coordination between European policymakers.

The UK's FTSE 100 slipped below the key 5,000 mark for the first time since November 2009. "Valuations have cheapened, but the underlying fundamental issues have not been addressed and will continue to dog risk asset markets in the months ahead," said analysts at RBC Capital Markets in a note. "The lack of political cohesion within the euro zone is becoming more apparent by the day and this can only undermine risk appetite and conviction in the longer-term outlook for investing in the region."

Learn from your failure.

The reason behind writing this post friends is that every one by now and then meets failure while doing their busy schedules.I myself met a failure recently,although i was shocked to listen it,but after sometime i thought why i was failure,i kept on asking so many questions to myself regarding the same..ultimately i woke up from this dilemma and i got a very smart and beautiful answer and it was

Failure Leads to success

From this statement i learned that it is not like that what you are thinking,it totally means you have met a hurdle early of which you were not aware,which probably according to your perception was not missing in you,but sometimes we are having weaknesses of which we are not aware of and when they struck to us we feel helpless.
I got a great lesson from my failure and in fact every one
should get at least one reason out of their failures,and they should try to convert this failure into a great strength that is what all gurus say about failures.Never feel helpless when you will meet any failure,that is just a warning to you that you are something,pack it up in you and march on.
You can also interpret it in this way like,One should always try to search the failure,because once you will meet all your failures step by step,believe me no one is going to stop in your whole life.And also tell me one thing why one should be afraid of failures,are they having any criminal intent or any hidden nature that is going to mar you,no no,not at all.So meet the failure with your heart open,follow it to have a battle with it,defeat it and turn out victorious.
Whether you are a student,businessman or entrepreneur be ready to tackle failures in your life in order to lay a strong foundation for your future.