The unwinding continues...50% day

It was 50% day in the financial markets:
---Jeremy Grantham forecast that 50% of all hedge funds would shut down within 5 years as a result of credit market declines. That's about 5000 funds.
---Sowood Capital Management LP lost 50% in July or 1.5 billion and will liquidate, returning its remaining 1.5 billion to investors.
---Analysts speculated that Apple was cutting its I-Phone production by 50% due to less than expected demand.
---Jim Cramer stated on CNBC that as much as 50% of all mortgages originated in 2006 would see borrowers walk away due to their negative equity. That's all mortgages he was "careful" to say, prime, alt-A, and subprime.

If Hollywood had its hands on this there would also be strangely a 50% off sale at Brooks Brothers, a 50% chance of rain, and an NYT story reporting that 50% of Americans are overweight. Bring in Paul Haggis for the screenplay and Kiefer Sutherland to run around like a chicken with his head cut off, and you're headed to Sundance at a minimum.

And there's a 50% chance that the market will be down again tomorrow.