Stocks Plunge…Again. Want To Think Before You Act, Investors? Remember What Cosmo Said.

U.S. stocks are plunging today with the Dow losing 465 points, or 4%, as nervous investors flocked to the safety of bonds.

U.S. Treasuries rallied, with the 10-year yield hitting a record low. Worries about a slowdown in global growth weighed down commodities, with copper, oil and silver prices sinking.

The sell-off started early, with world markets logging steep declines, following the Federal Reserve's gloomy outlook and weak manufacturing data from China.  

–  CNN Breaking News, September 22, 2011

Cosmo: Posit: People think a bank might be financially shaky. 
Martin Bishop: Consequence: People start to withdraw their money. 
Cosmo: Result: Pretty soon it is financially shaky. 
Martin Bishop: Conclusion: You can make banks fail. 
Cosmo: Bzzt. I've already done that. Maybe you've heard about a few? Think bigger. 
Martin Bishop: Stock market? 
Cosmo: Yes. 
Martin Bishop: Currency market? 
Cosmo: Yes. 
Martin Bishop: Commodities market? 
Cosmo: Yes. 
Martin Bishop: Small countries? 

                                                   – from the film Sneakers, 
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