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NEW: Markets Tank Triggering Halt in Trading, 11 Year Bull Market: Done.

After Dow Futures were down more than 1000 points early Thursday morning, trading opened and in less than 10 minutes the S&P dropped 7% triggering an automatic halt in trading.

Jim Cramer on CNBC continued to insist that now is the time for the Federal government to get involved and that this is much more serious than previous crises.

Cramer went on to say that he believes the Federal Government is debating big ideas to ease the financial crisis.

Chris Burns noted that we just finished the longest Bull Market ever and that a few things had changed between when it began 11 years ago and today.

Chris also gave good advie

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