YOU CANNOT COMPARE this to the tech bubble. this makes the tech bubble look like childs play. this is like the 1929 crash.
NO, not even close......this is a banking/credit/derivatives system lead failure like NO ONE in our current generation has ever seen.
01/02 was no where need this fast and severe. What we are seeig now is a complete defeat with stocks everyone is throwing in the towel.... Near the bottom.... you'd think so but like we keep saying we haven't lived through his before..
guys,this is just dangerous. forget about never seeing this before,i don't think anyone could have dreamed up a scenerio so dire. this is just beyond the realm of conception.
Why didn't the circuit breakers get hit? DOW opened at 9261 and the low was 7888 8 mins after the open. Thats 1373 loss. Breakers are supposed to kick in at 1,110 point loss, according to : http://www.nyse.com/press/circuit_breakers.html