Is there anything to stop a capitulation Tuesday?

Pheeeeeeeeew! Couldn't have said it any better. Market needs to bleed out, then re-price.

 

Futures are down but I just can't get my head around the S&P opening with a gap down below 1220.

May go down after open but I cant see it at open....

 

The dollar is getting sodemized tonight. I'm heavily short the dollar but I feel bad for USA for what I believe is about to happen.

 

Mish is suggesting that the FDIC needs to insure corporate accounts, in order to prevent bank runs. I agree with him.

http://globaleconomicanalysis.blogspot.com/

 

US$ going down the drain

 

Well, I just bought a crapload of crash plays in the last 24 hours - if that doesn't make the market rally, nothing will.

 

What are your crash plays Cutten?

For what it's worth, I continue to hold onto my shorts in WM, NCC, WB, ZION, FRE and FNM

 

Don't worry the PPT will kick in soon.

As sson as they are awake!!

 

"Is there anything to stop a capitulation Tuesday?"

Probably nothing except maybe you expecting it.

Between the talking heads at CNBC and ET I hear the word capitulation at least a dozen times a day.

And what keeps happening instead?

Sharp pops with grinding drops.

 

In Europe, ESTX50 and SMI are trading just below
the 50% retracement of the 2003-2007 bull market.
3217 on the Future for ESTX50.
6583 on the cash SMI.
If we jump above again today, I am buying.