Black Monday, 2008: 777 Point Drop In Markets Today… Worse Will Come

Welcome to Black Monday, 2008.

Today the Dow dropped 7% and the S&P 500 dropped 9%.  Those are the biggest drops in the market in almost two decades since the last Black Monday, 1987.  On that day in 1987 the Down dropped 20%, but fewer total points than it dropped today.

Want the really bad news?

It’s gonna get worse tomorrow.  The Asian markets are 12 hours ahead of us and have opened down big and Wall Street will be sure to follow.

According to Reverend Pat Robertson, “This is America’s just desserts for supporting homos.”

According to The King of America, “This is what America gets for not crowning me yet.”

According to Joel Gross, “This is what happens when you run up a national debt of $9,897,148,908,473.05, and another $40 TRILLION in Medicare and Social Security debt, you have government intervention in the free market (the fed, SEC & friends), and no King of America.”