Yesterday's 777 point slide has precipitated the gnashing to teeth and the rending of garments on a large scale. The nervous Nellies of New York have shown more panic at this than they did the WTC wreck of 2001. Have my countrymen lost their wits? Has their manhood evaporated?

Now hear this. The market fell 7.3 percent. In 1987 on Black Thursday the market fell 22.6 percent! Without any major bailouts the market recovered in a matter of weeks.

Now would someone please tell me, if they would (or could) what the hell is going on here?

Sheeeesh!

Ba'al Chatzaf

But the promise of a bail-out, or anticipation of it, is one factor in the performance of the market, no?

= Mindy

I remember the time. Back then was the Era of Reagan--smiles and red cheeks. Reagan always showed that Pollyanna optimism. Everyone else caught it with him. That's why he is still a loved President.