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New Very true
The Feds do need to draw a careful line here between not flooding the market with credit and not allowing it to crash. But they do need to let the market unwind, or the problem will just continue to fester.

New Some "circuit breakers" that kick in if things fall too much
In olden times I don't think they'd even call this a "correction". That used to be a -10% move in a major index. The [link|http://finance.google.com/finance?cid=626307|S&P500] is still above where it was in March. It's only 6% down from the all-time high on July 13.

It might get much worse, but at the moment it just looks like the market is volatile. People who buy-and-hold should ignore it.

     Dow and global markets plunge - (JayMehaffey) - (9)
         Banks intervene to prop up credit markets - (JayMehaffey) - (1)
             Yeah, and the only stock I have going up . . . - (Andrew Grygus)
         Feds intervene in US market as US market continues drop - (JayMehaffey) - (4)
             the feds need to leave it alone - (boxley) - (2)
                 Very true - (JayMehaffey) - (1)
                     Some "circuit breakers" that kick in if things fall too much - (Another Scott)
             thank you oh fed, for the inflation we are about to receive -NT - (boxley)
         Second order effects begin to roll in - (JayMehaffey) - (1)
             there is a reason chavez is trying to lock in $50 long term - (boxley)

More left-wing than Stalin!
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