DID YOU SEE THE STOCK MARKET TODAY?

Well if you involved in the stock market, in any way or know someone who is, you knew these days where coming! Today, the stock market fell 310 points, at its lowest it was down 450. "Beware of big jumps in the stock market", my daddy would say! "Whether it be up or down". They tell us its due to divorce, medical bills,unemployment. The fact is that people are borrowing and spending more that they are making. This behavior is causing great debt amongst even the people whom seem to have," the dream job". The middle class people are more and more becoming the poor. I am in the mortgage business and I find it interesting that the programs available to borrowers are outrageous, the interest rates are outrageous and the most damaging program available, "the Negative Amortization loan or to most people," the 1% loan, or min payment loan, gives hope to people to live beyond their means, to buy that dream house. These loans put people in a bad situation and I dont know who couldnt see this a mile away. Alot of people have this loan program! There should be programs customized for different incomes of people, and interest rates low enough, so that everyone can buy a home, (primary residence) for themselves "around 3% max, fixed rate at the most. The whole mortgage rate thing is a legal scheme to scam people out of their dreams and take away something that has sentimental value, kinda like the credit card scheme, except this one litterally puts people and their children out on the streets. I understand these ideas give people the opportunity to live a certain kinda of fantasy life for a very short period, but reality is soon to come and bite them hard and this scheme is going to be the biggest bite yet and the market is soon to follow! Please feel free to comment!!!