The day's not even halfway over, and the Dow Jones Industrial Average has already dropped more than 300 fucking points, close to 3% of its value. The Nasdaq is down more than 3% as well. What's the problem? Fear of a looming double-dip recession. (What's "looming" is the second dip.) Haha, have you been missing 2009? Perhaps we'll get to live it all over again!
Of course, this could bounce back quickly, or it could mark the start of a sickening freefall into the abyss, who knows. Buy low, people. Every crushing catastrophe is an opportunity, unless you're poor.