777 points! the worst drop ever. Today is the new black Monday.

LOL@777. Those are numbers you can bet on. I predict a huge bounce tomorrow.

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Is our children learning? -George W. Bush

"I think—tide turning—see, as I remember—I was raised in the desert, but tides kind of—it's easy to see a tide turn—did I say those words?"—Washington, D.C., June 14, 2006

"[T]he illiteracy level of our children are appalling."—Washington, D.C., Jan. 23, 2004

Not as a percentage.

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Hope is the opposite of audacity. It's passive, an excuse for inaction.

Socialism doesn't create a rising tide that lifts all boats. It drains the lake and teaches the boat riders not to help themselves by rowing.

“What's the difference between Sarah Palin and Barack Obama?”

“One is a well turned-out, good-looking, and let's be honest, pretty sexy piece of eye-candy.

“The other kills her own food.”

If you are only going by point totals today would be the new September 17th, 2001 since that was the previous record holder. As a percentage the Dow lost less than 7 percent compared to Black Monday's 20+ percent drop, making today the 17th largest drop in Dow history. You sound like a nightly news broadcast.

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There is no secret ingredient.

Yeah, I took the headline and ran with it before I even read the story. I feel so dirty.

You should feel dirty, you are discussing finance.

Market will likely bounce tomorrow, at least in the morning, but if it goes up, that just means the rich are trying to keep it afloat a little longer before we have a FULL correction.

Someone, sorry I don't remember who, said........"this is not the beginning of the end, it is the end of the beginning."

I AGREE.

THe DOW JONES is not "the stock market". Still we had a significant drop of around 9% on the Wilshire 5000 (it is a market capitalization-weighted index of the market value of all stocks actively traded in the USA).
Personally, I bought more stock today - It is on sale!!!

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I think at this point there needs to be a focus on an immediate increase in spending and I think this is a time when deficit fear has to take a second seat . . . I believe later on there should be tax increases. Speaking personally, I think there are a lot of very rich people out there whom we can tax at a point down the road and recover some of the money."
-- Barney Frank, October 20, 2008

Londons gone down as well, and Asia is crashing as we speak. Looks like its spreading to Europe as well, for the 1st time

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I disapprove of what you say, but I will defend to the death your right to say it. - Voltaire

There is no instance of a country having benefited from prolonged warfare. - Art of War, Sun-Tzu, Chapter 2, Paragraph 6

"An eye for an eye makes everyone blind"-Gandi

Yep, the American Republican Party, 1st political entity known to screw the entire, bleeding world.

Japan closed down 4.1%, Hong Kong and Australia down 2.4%, and yet...

Irish Bank Stocks Surge After Reported Government Guarantee - FOXBusiness.com

Only the rest of the world is coming to an end.

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There is no secret ingredient.

The futures are already on a 200 plus bounce.
And a little prespective - percentage wise this isn't even close to 1987, in fact yesterdays drop is not even in the top 10 drops.

The media is irresponsibly hyping this up to no end...and that doesn't help with getting a good bill.
The markets need help, but not $700bn blank check to the fat cats that caused this mess.
We have now ALREADY bailed out nearlly $700bn - and here we are - no better than before.

Oh no no, this is nothing for Europe. Wait until later in the week if you wanna see a calmity accross Europe, this is nothing. The Ftse has been volitile for sure but nothing more than a 2% drop, that's manageable.

But the worry is that another couple of European banks have needed a bailout overnight and today, and that most importantly Lloyds is considering re-negotiating its takeover of HBos at a lower value per share due to lack of available credit. That's the sort of disasterous effect this could have.

I know, it looked last week like AD had pulled off saving HBOS-god knows whats going to happen now. Eurozone going down would hit the FTSE hard as well.

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I disapprove of what you say, but I will defend to the death your right to say it. - Voltaire

There is no instance of a country having benefited from prolonged warfare. - Art of War, Sun-Tzu, Chapter 2, Paragraph 6

"An eye for an eye makes everyone blind"-Gandi