Ugh. I think we need larger bail-out buckets to keep our ship afloat so as not to loose any more longs. Hope we can all stick it out, looking forward to a better 2009. I try now to only check infrequently during the day.
I think the Big-3 automakers and the need for bailout is what hit the big markets big time today, just adds more uncertainity, feer, and pain. Like Lawnbowler wrote, this has to be very close to capitulation.
bcg