Not as wide spread as what happened at the start of the 20th century but investors are starting to worry a bit after what happened Monday.

 

If you follow the stock markets at all or if you've been following the news, then you know the stock markets have taken a major hit in the last few days.

 

The TSX tumbled 840 points on Monday and the DOW lost about 800 points all in a matter of hours.

 

The crash is being blamed on the US government's inactivity on the economic crisis in their country. There was a plan for a $700 billion bail out but it was shot down by the House on Monday.

 

Business Commentator Paul Martin says if that was approved, stocks would have bounced back.

 

"Everybody is waiting to see if this deal is going to get done because its the one that's going to bring some confidence to the market place. As long as there is some uncertainty... people are not going to take any chances, their antsy and they're being some what fearful."

 

It will be interesting to see what happens as we work towards the weekend since the plan was defeated on Monday basically leaving the US government without a plan of action to help their economy.