And why wall street is headed south. Reporter the dow jones plummeted again at the opening bell, dropping more than 1,000 points in the first few minute of trading. For me, it felt like the crash of 87. The sell off continued last weeks tumble on wall street, the dow plunged 530 points friday, its worse session in four years. And the markets worse week since 2011. Fears of chinas economic slowdown are shaking investors, stocks fell across asia monday morning, which chinas main index tumbling 8. 5 . It biggest one day lost in eight years. This is a repricing of the global stock market. Adding to the slide is the plunging price of oil. Prices fell below 40 a barrel, for the First Time Since 2009. The Stock Exchange is prepared to halt trading, for 15 minute, to if the sp and 500 falls 7 . Wall street is now in whats called a correction, fall of 10 or more, from its high. Corrections are natural in a bull market. Most analysts say this one was long overdue. Longterm im still bullish. I st