"The current market decline has accelerated to emotions ruling reason, but that always occurs near both market tops and bottoms."  A quote from Mark Leibovit, VRTrader.com. Let's hope we are approaching a bottom real soon.

There is not much I can add to all the comments on the market action today, it was just plain ugly. It is safe to say that for those who held took it on the chin today; tomorrow can be another interesting day and we can hope that the PPT and/or the Fed will intervene with a much needed healthy emergency 3/4 point rate cut followed with an aggressive cut in the Canadian Bank rate by 50 basis points. Somethings needs to happen with the current futures for the Dow down 450 points and cooler heads need to prevail here.  I always hear that times like these are fantastic buying opportunites....that may very well be, but tell that to the person who is fully vested.. Given this is an election year we have some hope for the markets in 2008...lets hope we see some positive action very soon.