Look out below, III

As I write, the DAX is down 5.7%, the FTSE down 3.5%, many Asian markets are down over 5% and the DOW futures are down 350 or so. The Bush house of cards is collapsing upon itself, and all of us are going to suffer from it.

Update: The DAX closed down 7.2% and the FTSE 5.4%. Watch out for falling things tomorrow when the NYSE opens!