Intel Corp (INTC)

[spokeshave]

Isn't it much more likely that the reason stocks are crashing is because employment is crashing ? Therefor incomes are crashing. Therefor company profits are crashing. Therefor company shares are crashing.

I think this is out of order. The "mortgage crisis" was spun into a pending disaster, the likes of which we have not seen "since the great depression" (how many times have you heard that?). This caused irrational panic, which led to an almost instantaneous freeze in personal spending, which led to corporate revenue crashing, which led to layoff, which led to a further decrease in personal spending...

Sadly, the media and the yahoos in Washington (both this administration and the previous one) have largely caused the recession due to their own irresponsible rhetoric and fear-mongering.