Stockmarkets plunge as evidence emerges of worsening economic conditions

[portfolioexec]

http://www.economist.com/finance/displaystory.cfm?story_id=12493792

[DenisM]

There are two feedback loops that need to unwind:

1. low consumer confidence->revenue drop->loayoffs->low consumer confidence

2. US market->world markets->US markets.

Both of these feedback loops will feed on themselves for a few iteration before the show is over.

It has only begun.

[dmix]

If this headline is news to you, you need a new news source.