The oh-so-cheerful headlines on Bloomberg.com:

[marmar]

•Stocks Drop Worldwide, Treasuries Gain on Concern Economies Are Worsening

•AIG's Liddy Says Greenberg Partly to Blame for Insurer's Derivative Losses

•Manufacturing in U.S. Shrinks for 13th Straight Month on Collapsing Sales

•VIX Premium Shows Bear Market Lasting Two Years in U.S. as Traders `Panic'

•KKR Leaves Public Shareholders With Loss of More Than 90% From Writedowns

•Conseco Plummets as Insurer Says Auditors May Raise Doubt About Survival

•Freddie Mac CEO Moffett Resigns After Six Months at Helm of Mortgage Buyer


www.bloomberg.com

[pnwmom]

1. Interesting that gold is down, though.

I don't understand how that works.

[marmar]

3. If gold and the stock market go down, that's really bad.......

[Rosa Luxemburg]

4. yep

[seemslikeadream]

5. I just read something about counterfeit gold

I get back to you about that

[ret5hd]

9. Some who had "paper gold" and/or ETF gold covering losses.

That's all.

[Tierra_y_Libertad]

2. It's the long version of FUBAR.

[MannyGoldstein]

6. So Which Welfare Queens Do We Write A Check To Today?

AIG was yesterday.

[Earth_First]

8. They get two, three...four...

...five?

[Cant trust em]

7. You know how Obama has been criticized for being too pessimistic, so then the Dow drops?

I say that he's being realistic and that it's not the job of POTUS to blow sunshine up our asses. He has to be real with the people and Congress so we can take steps to correct what has gone wrong. We can't go on pretending that things are hunky dory and expect to change the foundations that brought us to this situation.