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Any bears still aggressively pressing into this are playing with fire IMO - you know what they say about hogs... Edit: Intermediate term, short term I have no idea, may end on the lows or ramp into the close.

Shorts will try to jam it back down, but I think the easy money on the short side (intermediate term) has been made...risk definitely increasing on the short side

Positive divergences all over the place...

Couldn't agree more Spec

Myself and several others have posted that we are starting to accumulate at these levels - just b/c people aren't making threads screaming about it doesn't mean they aren't doing it. In fact, I view the lack of threads screaming BUY! and the increase in mocking threads such as this as a nice...

Commercials are massively net long while specs are massively net short...something to think about (hint: at the 2000 top it was just the opposite).

I am as well. Panic on multiple levels - retail running for the hills (check mutual fund flows), hedgies liquidating, etc, etc. Short-term pain may continue, but intermediate to longer term longs initiated here should do well IMO. Short-term is anyones guess.

I agree. I am more bullish than bearish here. Sentiment has gotten out of control bearish lately. Remember the top in 2000? Nearly everyone was saying "buy this dip", now everyone convinced a new bear market has arrived. Numerous stats prove this (put/call ratio, odd lot shorts, VIX, etc)...

You can almost cut the negativity out there with a knife - hell even Cramer has turned into a bear!!! I think we are closer than not to an intermediate term low - I don't think we will be off to the races again, but I do think some stabilization/sideways action is on the horizon.

Multiple hedge funds (esp "market neutral") are in distress right now and liquidating positions causing dislocations in various areas - probably covering alot of their shorts in that sector to raise cash. That's my take FWIW. :)

Mainly due to all the "smart" money getting crushed...the fact that ordinary investors are getting hurt too brings me no pleasure. I'm not rooting for another Great Depression like some on here seem to be hoping for.

Lots of hedgies getting raped, which I do find mildly amusing :)

Hedgies under stress likely the cause of widening spreads - they could go wider still depending on how things go.

Lots of Chicken Littles on here...lol... If the world financial system truly is failing then all the money you make shorting won't be worth anything anyway - I guess you could burn it to keep warm, lol.

CNN.com Headline: Breaking News The Dow closes more than 300 points down -- one of its worst days this year. Fear really starting to uptick...funny how quickly sentiment changes - a few weeks ago everyone was all smiles as the dow broke records, and now the world is about to end...

The herd is scared...

Interesting times...no doubt about that :D

I wonder if she keeps her yard well trimmed... :D

Lots of people leaning on the market here...ramp higher in the cards??? :confused:

Agree. XLF is a crowded short and subject to massive whipsaw.