Following Standard & Poor's Friday downgrade of the United States' credit rating, Wall Street had its worst day yesterday since the 2008 recession.
U.S. stocks have fallen 15% during the past two weeks and Monday's beating was the most brutal thus far, amounting to a paper loss of about $1 trillion.
Jim Awad, managing director for Zephyr Management, discusses the state of the markets with Ali Velshi on American Morning today.