[Thebaddog]

I think the guy is a handwringer with that 700 point drop comment. And look how the market can account for the Worldcom announcement and not fall off. I do think that the decline is being managed in a very decentralized way and that's a good thing. A panic would only make a selloff worse.

[Dukie]

Which is more agonizing: Pulling off the bandaid slowly or quickly ? The sharp stock selloff of October 1987 set stage for price recovery within several months, whereas absent a similar washout in this market cycle we're now into our third year of declining share performance.