Markets: down, down, down and the flames went higher . . .

By Megan McArdle
After another disastrous day on Wall Street, the Nikkei is, as of this writing, down 10%.  The brief optimism of the earlier days this week is looking more and more like a dead cat bounce.

This article available online at:

http://www.theatlantic.com/business/archive/2008/10/markets-down-down-down-and-the-flames-went-higher/4238/