Everyone knows the stock market is experiencing rapid decline. ?Markets tanked Thursday, extending the Dow?s losses over the last seven sessions to 2,271 points, or 20%, as panicked investors ditched stocks across the board,? according to a story published this morning on CNN.com.

But what does that mean for our industry? Transworld Business is examining how the increasing financial crisis may affect the boardsports industry, by talking to companies and retailers to gauge their reaction. Market Consultant Jeff Harbaugh provides analysis of the current situation, including an explanation of what companies should be doing in general given the current and expected industry market conditions. In the meantime, read his initial comments at the onset of this crisis, posted Friday, October 3.

Stay tuned to Transworld Business all day for financial updates, exclusive interviews and feedback from the boardsports industry.

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