the only way u stop a cascade is for the news to loose value, its a feedback loop that is self reinforcing. the FED could easily print 1 trillion USD, and go into the futures market and prop up the market and take those contracts out of circulation. Since its zero sum the shorts will have to look for supply among themselves.
The last time Bush spoke he sounded like Ben Stien doing his Bueller schtik "Confidence....confidence....confidence..." He sounded like a guy that just doesn't care.
Into cash, particular the US dollar. I'm just surprised the Euro is holding up so well. What's that about?
Is a 20% up move considered a Bull Market? If so a move above Dow 10000 again would be a new bull market?
65 points. So far the Nikkei trading is thin as hell. IMO there's a good chance of some govt intervention from Japan, maybe close the exchange, maybe call the brokerages and tell them to buy like in 87. If there isn't big institutional buying by the close of morning session, it's likely. So be careful out there.