DOW, Downer, Downest

Over 1000 points below what I kept calling the bottom (10,500) the other day. How far down can it go ? I remember very well the last busting of the internet stock bubble. But somehow, people seemed a lot calmer about it then. As if they know, it was all due to irrational exuberance and nothing else. This time around, there seems little doubt we’re in deep shit. Just how deep ? Nobody knows. I always thought there would be a crash in the near future. But I didn’t think there would be such a panic and such helplessness. These are historic times.

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