[Arkinsaw]

Why are people freaking out when there is no reason to freak out ?

Derivative fear.

Some of it is margin calls where good stocks are being sold at low prices to be able to meet them.

People cashing out of hedge funds, etc. to pay bills now that the credit is hard to get.

People cashing out 401K's because they are seeing "-28%" and are willing to take the cash out fee to get control of their own money.

Lots of stuff.

[silentknight]

Tsunami - wonder what will happen in Europe in the coming hours. What a mess.