"A gloomy U.S. climate has affected the global markets. Even if those markets recover, it will take some time for the recovery to reach India because today's fall has been so drastic," said Jayant Pai, of the Mumbai investment company IL&FS Ltd.
Do you like that part I put in bold? I think they get fired if they don't say that. "Well, yes ma'am, the ship does appear to have struck an iceberg and broken in half, but don't worry! This as bad as it's going to get. Can I interest you in a Daquiri?" Meanwhile, NYC road crews have been erecting yellow "Danger! Falling Brokers!" signs up along Wall Street.
The top three headlines on CNN.com this morning?