Two weeks and one day ago I predicted this collapse in markets. Aside from solving computer issues h/w s/w user etc and being a Buddhisty type, I am a former stockmarket analyst, stockbroker and merchant banker.
If you have debts reign in your costs people and if you have lots of stockmarket investments you are relying on hold on for the ride. It is going to be a bad one for the reasons I explain in the original prediction:
US Economy: Prime Down, Private Equity Short: It’s Here: Prepare For The Bear