Can you smell the panic?

I'm watching it in real time on my screen as of 02:03 a.m. est, right now.

 

Prime brokers are calling their loans it seems, if some of the stocks I follow andf the JPY are any indication.

 

I feel like someone watching the fall of Rome.

 

Its clear that the old ways are ending. The big question is - what next?

 

Looking at the Rydex Bear/Bull ratios.... it seems people are TALKING more panic than they are acting.

Modest ratios smack of complacency and a desire to "buy the dip" being greater than any perceived panic.

 

Maybe the final capitulation is when elitetrader.com goes dark.

 

The money that was shorting the financial moved to shorting the SP500 via the futures. And here we are!

 

classic panicking.

classic capitulation.

cramer flapping.

nikkei classic blow out.

people puking out.

margin calls going out everywhere.

pension funds executing sell orders.

redemption sell orders hitting the market.

central bankers flapping with rate cuts.

stock exchanges suspended.

some sticks limit down.

I AM IN ON THE BUY SIDE.

FIRST TIME IN 10 YEARS.

GONE LONG NIKKEI.

LOOKING TO GO LONG OTHER STOCKS AS WELL.

AN I HAVE BEEN BEARISH FOR AS LONG AS I CAN REMEMBER.

 

Agreed. People fail to mention the lack of VOLUME on these moves. IMO, part of this snowball that's ocurring is that many funds/banks/etc. were leveraged 20-50:1. With the credit scare all that leverage is getting unwound.


Relax people, there are some ridiculous deals to be had in the next month.

 

Come on! Fess up!

Who crapped their pants??? I mean, because of the market.

who puked.

I had a tough night. Not because of me, but because of what they've done to my country - for money.

Sick bastards. Bring on the law.

Look at that fuck OJ. He figured out how to eat three times a day.