Courtesy of Joe Weisenthal at Business Insider
The market has happened, and with that we’re officially in a bear market, having fallen 20% from highs.
1090.89 was the key level that we’ve just sliced through.
Granted, everyone probably already thought we were in a bear market, but still.
The Dow is off 112.
Morgan Stanley is down about 5% already.
PANIC.
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