Call it a Facebook fiasco. A week ago everybody wanted the stock, today they can't get rid of it fast enough. Early trading has the shares of the social media company falling below $34, a loss of more than $4 a share. What went wrong? That subject will probably be debated for years to come, but it really comes down to supply and demand. When it looked like the IPO was going to be priced at the high end of the offering range -- it came at $38 -- eligible sellers found it too tempting to turn down. That caused the size of the deal to go up by 25 percent in the last days before the IPO. Accordingly, it became easy for anyone who wanted the shares on the offering to get as much as they wanted. Then, when the stock failed to rally on Friday, the selling began and has carried over today.

After months and months of anticipation, the Facebook wagon finally pulled in to Wall Street on Friday and, based on early results, the company's stock doesn't seem to have nearly as many friends as the company's users.

The mood on Wall Street suggests the end of the world may be near. We just don't know how or why the end will come. Face it, we've had a tough go lately. The Dow Industrials have been down in 11 of the past 12 trading sessions, something that hasn't happened since July 2002. Do we blame it on Europe and the mess in Greece? Do we blame it on the Fed, easy money and a dragged out recession? Do we blame it on the uncertainty of the November election? Maybe it's all of the above.

The slide in stock prices continued on Thursday as investors reacted to concerns in Europe as well as disappointing economic news.