what exactly is going to happen in the over all market? why is every other stock being affected by this, i.e. appl, goog, all the tech stock that's not even in the same sector.

someone please explain to me if this means a total market meltdown and should i keep my tech stocks
with all the defaulted mortagages that may indicate a recession is coming up, can someone tell me a good source where I can check current market indexes, unemployment rate, etc?

I doubt anybody really knows the answer to that last question.

You can always find somebody to explain why what happened yesterday was perfectly rational and unsurprising. What's going to happen tomorrow? Oddly enough you don't hear so much about that.

I wouldn't worry too much. It's only money. Why not relax, listen to some soothing oldies

When Black Friday comes
I'll stand down by the door
And catch the gray men
When they dive from the fourteenth floor
When Black Friday comes
I'll collect everything I'm owed
And before my friends find out
I'll be on the road
When Black Friday falls you know it's got to be
Don't let it fall on me

and so on

kidding aside, I think you should hold anything you've got that you still think is based on a worthwhile company, and if you've got any cash lying around you should buy a few shares periodically until the market bottoms out.

Or you could go into short sales, and lose all your money later on when the market goes back up again. Decisions, decisions.

But I say that with the disclaimer that, as an anonymous internet weirdo, I may very well have not the slightest idea what I'm talking about, as far as you know, and anything you decide to do is at your own risk. I aint taking responsibility for nuthin.

edit

www.stockcharts.com