and stocks are not collapsing. now, this is either the best preparation for a rally, since the market ignores bad news in size. or, which i tend to believe, after all the horrible events of recent months, the market does not at all realize what kind of news the most recent really are: devastating, even by the terms this year already established. madoff and citadel are per se issues. but they will trigger chain reactions. investors will have to write each and every engagement in madoff to zero by monday. and if they are honest to themselves citadel's -50% and suspension of redemption indicates that conservatively you have to write that down much further as well. now, many many pension funds were invested with these two. things come to a point where not even the combined force of all governments can seriously buy out all parts of all economies. don't forget that even the government finally pays stuff out of ... the economy. there is a limit to everything.