Transcription (en)

From the financial capital of the world, the opening bell is going to ring in five seconds, and to be honest with you, we wish it wouldn't. Traders here working the phone say a lot of their customers are freaked out, waiting to see how low the Dow will go. They're focused on the Dow, not so focused on OPEC. Yes, OPEC did cut production by 1.5 million barrels per day. Really, you're seeing just broad-based declines across all of the major technology sectors. Apple's under pressure. Yahoo down 8.5%, Cisco 6.5%, research in motion 10%. And we're not getting the bid wanted. We're not getting the stock trading and we see where the buyers are. We're just, every day, they're pounding it. The heightened financial turmoil that we have experienced of late may well lengthen the period of weak economic performance and further increase the risk to growth. Can't look at it after you buy it. This is so horrible. We've had an eight-day losing streak in the Dow that in percentage terms puts it on par, close to the loss suffered in that crash in 1987, close to that percentage loss those two days in 1929. What started in America last year has now spread to every part of the world. We're down 9% today. The Zetra DAX over in Frankfurt is down by 9%. The Paris market down by 9%. Austria, which was briefly suspended earlier on in the day, is down by nearly 11%. This market is as volatile as you'll ever see. Traders saying this is the craziest day they have ever seen in these markets. Veteran traders saying they've never seen anything like it. The movement in oil prices so fast.