NEW YORK, Aug 14 (Reuters) - "U.S. stocks skidded on Tuesday on fresh signs that global credit markets were seizing up, while a lower profit forecast from Wal-Mart Stores Inc. renewed worries about consumer spending."

And the root cause of the problem looks as if it will drag on for a long time.

"High-risk mortgages turning into toxic mess. Experts believe the biggest problems will emerge during next 16 months."

Anyone doubt the Feds will bail out the larger corporations, the rationale being that large corporations are composed of small people and it's really not for the rich, but for people in general?

Arf