I don't know. One article said 'intense trading' at the end of the day today...it was headed down during that period, so...
I expect the Asian markets to be down...we'll see in a little while.
The S&P today went below it’s 200 day moving average, a bad sign. Yesterday a really bad manufacturing index report, today a really bad consumer spending report, also a bad consumer confidence report (duh) and more serious turmoil in the Euro zone. The next three days we get employment related reports: expect more bad news and further markets and financial bleeding.
The big difference this time, of course, is the quality of the team at the helm. The guys running the show in Oct 08 believed in markets.
This bunch of communist idiots...omg...we could see a genuine freefall, panic, rats-fleeing-the-ship kind of utter malicious mishandling (never mind "wasting") of a crisis.