[SteveR]

Today was not good. Market fell almost 700 points. To put all this in perspective, during the Great Depression, the market fell 24%. Over the last month, the market has fallen 31%, and since the start of the downturn 12 months ago, the market has fallen 39.4%.

In other news, GM and Ford are in HUGE trouble now. S&P put both manufacturers on "CreditWatch with a negative outlook". Which led to their credit being down graded and it will now be virtually impossible for either manufacturer to get a loan for anything. So until they can get their credit rating back up, everything they do will have to be paid for out of their pocket, and seeing that both are already in debt, that's very bad news. Following this announcement late in the day, Ford's stock plummeted 22% to close at $2.08, and GM's stock plummeted 31% to $4.76. Wall Street has officially put both companies on "Death Watch".