Other countries had their banks and markets open today. And what happened?
Well, let's see. Bank of China---which basically owns our asses---is probably gonna take a huge hit when our economy tanks. So, there was a sell-off today and their stocks fell. Basically, we're their sub-prime mortgage meltdown. When your prime asset basically announces they ain't gonna be able to pay you anymore, you're screwed.
But the fun doesn't stop there. Japan, China, India, Hong Kong, South Korea, Australia, Singapore, Taiwan and the Philippines also saw stocks sink and indexes fall.
Guess what else? Europe and South America also took hits.
Wonder what's gonna happen in the morning when *our* markets open....
EDIT: Bloomberg International just reported that the predictions are the market will fall 1,000 points today. The predictions for the Nikkei and other markets were a little too conservative, however, and they all fell *further* than predicted.