Meltdown already started now????

NEW YORK (AP) -- Stocks are tumbling after another drop in the euro and disappointing U.S. employment news have added to investors' already bleak view of the world economy.

The Dow Jones industrials are down more than 200 points Thursday. Interest rates are sliding in the Treasury market as investors once again seek safety in U.S. government debt.

The latest drop means the benchmark Standard & Poor's 500 index is down more than 10 percent from its 2010 trading high last month. That marks the market's first "correction," or a drop of 10 percent or more, since major indexes tumbled to 12-year lows in March last year.

At midday, the Dow is down 215 at 10,231. The S&P 500 index is down 26 at 1,090. The Nasdaq composite index is down 62 at 2,237.

It is really sad...that there are so many things happening at the same time ( eg the Korean gun-boat sinking thingy, Euro crashed, US job data, Iceland ash clouds, all the fighting and killing in Thailand )....a perfect storm happening?
Now the daily dose of bad news...is sort of getting too often which is bad for common working folks like me.