The financial articles sum it up in this way. The equities run of the past few months is over.
The question that occurs is how far will it slide and for how long.
According to Reuters, there is a big sell off in the works.
It could get ugly. Wait a minute, its already ugly.
So is it back to panic mode again? For at least a few hours this morning it would seem to be, yes. Beyond that, some piece of data needs to come along that says - I love you.
Reuters: Stock futures point to drop as world stocks sink
...mounting worries equities' recent surge had run ahead of the global economic recovery.
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