Apple is down 50% in the last two months! I suppose Apple products (more so than Microsoft's or Google's) are considered discretionary spending. Apple's P/E is still considerably higher than that of Microsoft's.

Quoted: Access the chart for APPLE INC (AAPL) in line, bar or candlestick type. Customize the date range from 1 day, 5-day, 1-month, 3-month, 5-month or more. Perform chart performance comparison with other stocks or market indices.

The first few weeks of this year have been brutal -- erasing nearly all the gains from last year.

Quoted: Stocks suffered their biggest losses since November as new problems in financial stocks just plain frightened many investors and official Washington started to cobble together plans to stave off a recession.

Quoted: SEBI on Tuesday announced proposals to clamp down on participatory notes from foreign funds in a bid to curb excessive speculation which had resulted in regular sharp rises of some key indices and a over-heating of the market.

Didn't realize the Japanese stock market is still at less than half its peak from 18 years ago.

Quoted: Contrary to popular belief, stocks do not always go up
...
Nevertheless, investors ought also to remember the world's second largest economy, Japan. Its most popular stockmarket average, the Nikkei 225, peaked at 38,915 on the last trading day of the 1980s; this week, nearly 18 years later, it was still only around 17,000, less than half its peak.

Crazy day. But when I looked at my portfolio value it looked approximately the same as it did a month ago. I'm assuming this means that February has otherwise been a good month.

Quoted: Dow Drops 416 on Global Market Plunge. - NEW YORK (AP) -- Stocks had their worst day of trading since the Sept. 11, 2001, terrorist attacks Tuesday, briefly hurtling the Dow Jones industrials down more than 500 points on a worldwide tide of concern that the U.S. and Chinese economies are stumbling and that share prices have become overinflated.