The Dow is down 420 points.

[cali]

Will it struggle back up somewhat? Will they have to suspend trading?

It's a fasten your seatbelts kind of day.

http://finance.yahoo.com/#market_summary_us

[Freddie Stubbs]

1. That's nothing compared to 1987 when it went down 22% in a day

[cali]

3. Believe me. I remember that October day.

It was not a good one for me.

[skooooo]

6. I remember that!

Although I didn't know it was quite that big of a drop!

[THUNDER HANDS]

2. it'll finish down something like 150-200 points

no way it'll finish down 400, or close to that.

Late day buyers will be snapping up bargains.

[THUNDER HANDS]

17. not bad...finished down 128...

what do I win?

[MadBadger]

4. It was a little scary watching it go from down 217, and literally one minute later, down 450.

Its rebounded slightly to 373.

[JVS]

5. 420!

:smoke:

[skooooo]

7. LOL

It never fails...lol.

[Fire Walk With Me]

8. Remember Enron, Silverado, and Bush's oil "businesses"?

They've done so much to steal from various stashes of money and left the public with the bill, why not use the same tactics wherever money sits? They tried to do this with Social Security.

Don't let it be a surprise if other pools of money are shuffled and used up. Lots of folks are into these quick profit schemes, that leave debris.

[MadBadger]

9. It looks like its bouncing back, down 278.

[LanternWaste]

10. Last night, reports were that an early sell-off was inevitable

Last night, reports were that an early sell-off was inevitable. The question being would the markets rebound (at least to an extent) by late morning- early afternoon.

As it stands, I wouldn't be surprised to see the market drop close to 650 and then rebound about 250 by the end of the day for a net loss of 400.

(Why I don't work in some swanky high-rise office in Manhattan wearing $500 suits and ordering around peons is just beyond me... :) )

[RDANGELO]

11. This is what happens, when you put your country almost

10 trillion dollars in debt and run large trade deficits. This is going to be a bad recession.

[EV_Ares]

12. Wait until the two big bond insurers they are worried about defaulting on some loans

occurs. They still have to figure out what to do to head that off.

[Freddie Stubbs]

13. It is down 180 now

[no name no slogan]

14. Even 420 points is still < 5% of the total value of the DJIA

It sounds like a lot pointwise, but as an overall percentage of value it's not that much.

Now the Fed dropping 75 basis points this morning, OTOH...

[Freddie Stubbs]

15. It's only down 80 now

[Occam Bandage]

16. It's only down 95 now. It's struggling back up; they cut interest .75.