Looking at gold and the currency market. I would guess it will be an orderly sell off. A couple hundred point by the end of the day. Everytime this happens some of the global ecomonic contagient gets pulled out of the system with out much notice. I bet the PPT get alot of nonsense off thier books during the chaos. I would not be going long at the bell. Akuma
I smell flash crash. It's orderly and yadayada until something blows up. Derivative exposure and all that funny stuff.
Probably just for the Bernank. He seem like a really good fall guy for the whole mess. Things could be easily pinned on him. If you have ever been on a review board this is how the dirty gets done. Let others take the fall for your mistakes. Welcome to Neo Feudalism, Akuma
futures only pointed to a 1% down open.... Was not looking at the right quote. Nevertheless, markets end up closing in the green after testing support. A perfect opportunity to short into the close once again. However I did not as I was not near my monitor. However, looking at the charts...that last 15 minuets was a gift to short into. Risk Reward, is on the Short Side IMHO. Regardless of the futures bouncing off support.
Well the market broke down to a new short/intermediate low and guess what it rallied. Never changes......