It's the Stock Market, Stupid

Below 8,000. WHAT'S SPOOKING MARKETS? BADDER MOON RISING?

The stock market has gone down another 400 points in heavy volume, as it falls below the magic 8,000 mark. Seems to be dropping below all recent lows and support lines to five year lows. Notwithstanding the current financial crisis, I believe this leading indicator is presaging even more trouble down the road, as if we don't have enough already. Especially next spring. Hate to repeat myself, but this is not likely to be over anytime soon and I don't think the average person has even begun to feel the effects of this; it's like nothing we've seen in our lifetimes etc. etc.

Yet with bad news, there's always a silver lining, an ultimate hope and revolution of the soul.

More: Hideous day for stocks; soap opera going on in Washington; not even Warren Buffet's BRK.B (or BRK.A for that matter) spared, going down $342 today in above average volume.