Have your spot in that hanbasket yet ?

Dow closes down 634 points after final plunge

Me neither, I want to watch the mayhem.

Just another "Sonofabitch" Day !

Investors piled out of stocks and into a few "safe havens," such as gold and Treasury bonds. The appetite for Treasury bonds suggests that the Standard & Poor's downgrade has not shaken investors' faith in U.S. bonds.

Market experts said the Monday sell-off was sparked by the S&P announcement but was motivated more by growing concerns about the weakness of the global economy.

"It’s really all about economics," said Mike Norman, the chief financial strategist at John Thomas Financial.

The Dow ended the day down 634.76 points, or 5.5%, to 10,809.85. The broader Standard & Poor's 500 index fell even more sharply, finishing the day down 79.83 points, or 6.6%, to 1,119.55.

Chinese economic figures take on disturbing trend

I'm no Economist ,but I think this means China is in deep shit ! It will be tough to watch their Economy Tank like ours !
I just hope that in the end ,they are the ones that choke the longest!!!

China news , China has released the disturbing news that its economic growth is slowing drastically.

The growth in China's industrial output slowed to 8.2 per cent in October, compared to 11.4 per cent a month earlier.

Premier Wen Jiabao, on the occasion of unveiling an $880 billion stimulus package, declared that the effects of the world economic crisis on China had been worse than expected.

China's overall industrial output figures have dropped considerably and October's 8.2 per cent growth was a sharp reduction on the 17.9 per cent in October 2007.