More Problems On Wall Street Today

DJI down about 270. [Update: Down 370 at the close.]

Markets in decline frequently have sudden rallies and abrupt collapses. I remember being surprised, looking at a chart of tulip prices following the 1637 tulip mania crash (can't find it on the Web, though), and how volatile prices were for the following ten years. The same kind of volatility affects other markets as well, such as stocks.