$2 Trillion lost in the Markets Today

Oh my goodness! Were you watching the market today...?  The Dow Jones dropped 634 pts. the biggest daily loss since 2008.  The S&P drop over 6% with Bank of America down 20% today.  The markets around globe fared as least as bad.  What does the future hold?  Some say that this sell-off was nothing but FEAR.  Wilbur Ross stating that most markets around the world were down 10-15%, yet the world has not gotten worse or changed in the last 48 hours.  He says the only thing that has changed is perception.  Nevertheless, perception is a very important predictor of how the social influence will work to make that perception a reality.  Is the U.S. losing it's prestige around the globe?  Are we on an unsustainable fiscal path that might change our way of life?  Have we become compromised as a world super power?  I believe it can be summed up by an old Dylan song: A Hard Rain is Gonna Fall.