Dow Drops quickly not looking good

Dow Drops quickly not looking good

biz.yahoo.com

The Dow Jones industrial average dropped more than 330 points in morning trading. Before the open of New York trading, Dow futures had dropped 550 points, triggering a temporary trading halt in stock futures contracts in an effort to slow the decline. If the Dow drops 1,100 points before 2 p.m. the New York Stock Exchange would be forced to use "circuit breakers" that could lead to temporarily shutting the market, something it hasn't done since 1997.

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Folks i am not your typical doomsayer but this is really starting to look bad even golds value has gone steady down along with oil i am really starting to be bothered by this although one fine point to this is the fact that last time oil was this low we were only paying about 1.50 at the pump now its well over 2 dollars kinda strange i think. Anyway what are your thoughts or concerns about this growing crisis.

biz.yahoo.com
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