On news that China’s red hot economy may need to cool down a little, sent some pretty serious waves through the world economy. At one point the selling was so fast and furious that the NYSE couldn’t keep up with the sell off, resulting in what should be another horrible day tomorrow as they catch up with the sell orders from today. This is the worst stock market plunge since 9/11.

hurtling the Dow down more than 400 points on a worldwide tide of concern that the U.S. and Chinese economies are stumbling and that share prices have become overinflated.

The steepness of the market’s drop, as well as its global breadth, signaled a possible correction after a long period of stable and steadily rising stock markets that had not been shaken by such a volatile day of trading in several years.(via)

At one point today the fall was over 500 points.

Continue reading Grey Tuesday? – Stock Market Drops More Than 400 Points. →