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It is bad for the day. The gold and oil price are also going up today. The dollar is going down against the Yen and the Euro. Most of the stock markets in Asia are going down. The FED should do somethings a word to keep the fund rate near zero for the next 2 years.It is good,but not enough.We are not in 2008 anymore,but more serious this time.France will go downgraded with us. Germany might follow suite.

it is bad, but not too bad. And it will go up tomorrow. Just like it did yesterday.

If it does not come back, the economy get a bit weaker. It will be harder to find a job. And prices might increase a bit.

Dow was 12000 in 2007, and dropped to 8000 in 2008. Was it bad?

Btw, since then, Dow has returned to 11000, so any losses are temporary.