Woah, US stock Market crashing!

[SeaShellsOnTheSeaShore]

Down 1000 points, blue chips crashing, on twitter and CNN, BBC not turned to it.

Whoever wins tonight will have a nightmare day one if this continues- what ever colour.

As someone on Twitter just said, have they only just noticed Greece?!

Seems to be settling at 4% down (Dow)

may be Gb will breathe a sigh of relief if it's not him dealing with it tomorrow?

well I put £15k into the FTSE earlier in anticipation of a Tory victory tomorrow.

is 4% down still really bad news? Or does that mean it's recovered a little?

Proctor and gamble dropped 50%!

Someguy, hope they level out for you again

what on earth triggered it? Wall street have just said their machines are fine in response tp speculation it was a computer glitch.

It's recovered a bit, but the media is going mad. Dh involved ++ with the media tonight and says he's never seen it go this mad before.

It's creeping up again. I don't understand this enough!

What on earth happened? It was crazy.

Is Greece actually on the brink on defaulting, rather than just threatening to?

Watching CNBC now. The are suggesting a trading error at a major firm or a programme trading glitch

The markets across the world are very volatile though. Started this morning with Shanghai down 4% and currency, bond and money markets moving in very strange ways across the world.

Greece is causing huge problems.

Dow now down only -290.

Looks like it is recovering - only down 2.4% a minute ago on CNN, very strange.

Apparently this was all because some dickhead typed "billion" instead of "million"

Really? If that's true re muppet then just how fragile is the world Market?!

The stock market is very thin. It has gone up a lot with almost no buying over the last year. Conversely, the market dropped today on very heavy volume. It is very nervous. Near panic at times.

A little insinificant error seems to have turned into a real rout in seconds. Not a good sign.

Real fears about Greece defaulting and bringing down Italy, Spain and Portugal. The global capital markets really woke up to that today.

I'm always amazed by that beenbeta. It seems playing the markets you have as much control as a slot machine- you know it will pay out but no idea how when or where unless you are insider trading?!

here is the 'user error' crash story www.cnbc.com/id/36999483

I don't think that is true, that's the sort of reason they give to stop people worrying i.e. nothing wrong with the fundamentals, just a computer error. But you're right, if it was real it would be worrying, but I doubt it is real. Where is Coolfonz when we need him? He would be able to throw some light on it.

Im hearing its to do with the possiblility of Italy going under next that has the markets scared today ...

although thinking more about it, Coolfonz, the anarchist, may very well be at the heart if it

Yes, BellaC, I think some market players have some real information which they are worried about. I think it is also a warming to Greece, to crack down and sort out the rioters otherwise there is more where that drop came from.

very worrying - looks really volatile after the 1000 pt bounce.

Thank fuck we've just sold a shedload of shares. They've gone down by about £10k in the last week.

Me and DW make our living investing in financial markets. We took a major decision to take most of our money out in early 2007. We took the rest out at the end of December 2009.

Not making a lot of money but not losing any either for the last 3 years. We concluded that this had to end up in a giantic crash. It will when Greece and other European countries default. The recent recovery was just a bear trap.

What happened tody was a straw in the wind - just the beginning. It will be interesting to see what Asian markets and then London do tomorrow. The UK election is a side story.

This financial market issue is what will determine what happens in the next 10 years not the UK election.

Media here in Italy say that the more at risk are Portugal, Ireland, Spain and the UK

Well Italy would say that wouldn't they

Truth is that once Greece defaults it is hard to say where it will stop. I honestly cannot see the Euro surviving beyond 2012 except perhaps a currency area of France, Germany and Benelux countries.

I know !

BeenBeta, is that good news for us in terms of the currency exchange (ie if it goes tits up in 2012)?

Is that the correct response?

Should I take my DC's savings account and hide it in the mattress?