It's a good thing the U.S. markets are closed today. Brace yourselves, the foreign equity markets are down 4-6% as of the time of this writing. Tomorrow is going to be a tough day.
Edit: Scratch that, the German DAX is now down about 7%. Not many periods in recent history with as fast a sell off as we have recently seen. Hard to imagine a 1987 scenario in these "modern" times, but I suppose anything is possible in this fast moving environment.
Blog to Read:
Calculated Risk - Past Bear Markets & Recessions
Labor Force Participation Rate Sensitivity
5 hours ago