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Full-Blown Panic

Thursday, May 6, 2010, 2:40 PM
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Ouch!!  Look at the markets!!!

And I don't normally use exclamation points.

Gold is back over $1200 and the stock market is undergoing a full-blown rout, with the S&P down more than 60 at present.

I'm quickly trying to analyze what this means and what's happening, but wanted to open this thread up for immediate discussion.

Ooops.  The S&P is now down more than -72.  Make that -78.  No, -96!!!!  Yikes!

This is one of the biggest one-day moves in my experience.

 

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