I was channel surfing over the weekend and watched a couple of Star Trek: Voyager episodes on Spike TV. Did you ever notice that every problem in Star Trek can be resolved by "transferring auxiliary power" or "re-aligning the deflector dish?"
That seems to be what Wall Street needs today. Seems like the relay circuits have been fused and the warp core has gone offline. Yahoo Finance is blaming this on the S&P cutting the debt rating on several companies. It's more fallout from the mortgage mess.
One knee jerk reaction deserves another, so lets see what happens in the last hour of trading.