I don't think Greenspan can do anything to calm the market. Its in panic mode. People are selling in many case simply because they are afraid (which is entirely the wrong reason to sell).

Fundamentals which people ignored on the way up to NASDAQ 5,000 are being ignored equally on the way down.

It will be interesting to see if the market plods along for several years at artificially low levels (Likely) or if once it turns up, it snaps to higher levels as all the sellers rush back to try to catch it on the way up (less likely).

Me I'm in it for the long haul. There will be winners and losers in my portfolio. But for right now, they all look like losers...

Scott