the STI lost 75.90 points in yesterday's session.

but that's not going to be the climax.

the Dow Jones Industrial Average plunged 416 points.
i repeat, 416 points in overnight trade (-3.29%).
that makes it the steepest one-day drop since September 17, 2001.

and the ripple effect is obvious.
within the first hour of trade, the STI is off by more than 150 points (-4.5%).
again, falls of this magnitude were only last seen in the days following 9/11.
so investors, sit back and prepare for the worst.
the much-awaited correction in global markets has finally arrived.
pretty much of a hard landing, too.

total blogging time today: 34 minutes.

` chris;
` twenty-six;
` 21st august;
` ORD since 12th march '10;
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