The market has been open for 10 minutes, already futures have been locked limit down twice! Currently locked limit down! The crash is spreading.
Its time to shut down the market - that's the only circuit breaker that will work. I think a 3 day shut down like after 911 would work.
Pundit on CNBC said their blue chips aren't even open yet so they don't even have a full picture yet. Not sure what that means or if it's true.
Watch the fed cut rates again tomorrow and quite frankly they would do 25 bps at 11:00 and another 25 bps at 3:00.