S&P closes down 8.7% – A 106 point drop – the biggest one day drop since Black Monday 1987

NASDAQ closes down 9.1%-  biggest drop since the tech bubble burst in April of 2000

DOW drops 7%, largest % drop since 9/11LARGEST PERCENTAGE DROP SINCE 9/11. Biggest point drop ever of 778 points.

Crude oil drops 10% Read the full story

This headline coming from Christopher Leake in an article for THE MAIL ONLINE, goes on to say that “the City (London)  was in shock last night after the apparent suicide of a millionaire financier haunted by the pressures of dealing with the credit crunch.”

 I urge my readers to read my article Slaughter on Wall Street. I predicted that this sad state of affairs will start to occur as more and more execs get caught up in the tsunami of the credit crunch.

I feel really awful for this man’s family, as I do for all those who have lost their entire life savings  due to the crisis – which is not over, 700 billion bail out or not.