jesse jackson would say they are racists for disrespecting mlk day and bernanke would be forced to show up at this show to 'clarify his actions'
we're still a ways from 1987... but i have a feeling tuesday will be the worst day many people here have ever faced. and i suspect it'll be the last day for some, too, as their accounts will be vaporized. i'm thinking about the people who wrote put spreads two standard deviations otm. there are too many noobs calling the market oversold the last week and saying how it's a great buying opportunity. they've never seen a true bear market until now and think the market can never drop >5% in a day.
Let me see if I understand this... We WOULD be racist if we did NOT honor MLK with a national holiday and everybody got the day off. Well, not quite everybody.... SOME people apparently would have to work so that the rest could have the day off in comfort? Is that right? Oh, I get it. It's like our income tax policy. A few must do waaaayyyy more than their fair share so that most don't have to pay much or any at all. Sounds like a FABULOUS platform on which to run for political office.
As a non-Noob, IMHO we are in a bear market, but a very tradeable bounce is coming. I'd avoid trying to pick a bottom, but it will be evident when it arrives.
I doubt if Bernanke got much sleep this weekend. I'd be calling up Greenbubble every 15 minutes just to make sure he shares the pain.