Look out below

I doubt if any of the big players are going to want to leave any chips on the table over the weekend, so fasten your seat belts. We're in for a wild ride.

With the market down 40% or so and still falling, I suspect there are a whole lot of people who just retired or who were planning on retiring in the near future who will have to rethink that. Problem is, there won't be any jobs for them, or, if there are, there won't be jobs for someone else. Without jobs, they will lose that many more houses, and the whole thing will spiral downward until there's almost nothing left. That's on top of all the other nasty things that are happening because no one can get credit.