Markets tumble

Yesterday, the Dow went down nearly 200 points. All 30
Dow stocks fell. The index has gone down more than 400
points in the last 3 days. Morgan Stanley issued a ‘Sell’
signal to its customers. And US household borrowing
dipped to a 9-year low; now that the air has gone out of
the housing bubble, the poor householder has nothing to
borrow against. (Bill Bonner, Daily Reckoning, Jun 8, 2007