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It's possible, with a big squeeze on the shorts before fundamental reality sets in and down we go. Doubt that it will recover all the way to 134. Too many people waiting to sell into a rally. Anything's possible though.

Most of the super villains I know are either paranoid or neurotic. Not all of them of course, but most. Nothing personal.

Knew somebody would post this. If it's possible to just have 500 million and still have common sense there's no reason to be disheartened by the reduction to 200 million unless there's reason to believe the losses will continue until a drastic reduction is lifestyle is possible...

Yes, logical. Unless some cancer-rotten billionaire is trying to screw his freeloading kids' inheritance by selling as low as possible.

Unbelievable! I am outraged! I am outraged that white men in once proud England will strip and hand over their clothing without putting up a fight. Shocking cowardice. The black guy isn't even armed. I've had it with being white. I'm going to see what I can do about becoming a Korean...

Spot crude 77.76 . Gold 1763.10 . Strong contrary motion means somebody is betting on a serious recession.

I hope contrarian logic applies here. I was long this morning and instead of bailing on a loser I averaged down. I need a turnaround. GL

Major support until it's penetrated - then it's major sell signal. 2008 is fresh in our memories; even if the current situation is nothing like it was then investor anticipation (fear) can make things ridiculous right quick. God I hope you're right, though.

Markets can crash in August. Why not? Everything's possible in the information age. New trading techniques and instruments can have unknowable effects. Could drop 1000 points tomorrow. 5000 points by Friday. Why not? It's not like we're protected by laws of nature. P/E ratios, TA, none of it...

Right. But what impression is this making on white Britons? How long before they retaliate?

Looks like Breivik (Norway massacre) is getting the revolution he wanted - but in the wrong country.

They seem to have us by the cajones. Could be the G20 heads will put together a coordinated effort - and invade tax friendly jurisdictions on the grounds that they're harboring terrorists.. or whatever. "Inter arma enim silent leges" - in time of war the law falls silent. If pressed the...

Same as 1929 - collapse due to 0 velocity of money due to concentration of wealth. Tax corporations 50% on uninvested holdings and this economy will go into high gear overnight.

Yep, the sky is falling all right. Every margined fool in the universe is being stopped out. Only massive gov't intervention can stop this - but what has the gov't got left in their arsenal that's massive.. ? Maybe QE 2.2 + a lot of talk.

1) "English" troops have never been cannon fodder; the English have always put their Irish, Scottish, Canadian and Australian underlings up front and sent their own precious troops in after the "shock troops" had cleared the field.. 2) Israel is an ally of convenience; without the US Israel...

It's all about Justice! Justice and having an excuse to kick in store windows and loot. Easier than working for a living.

Excellent point. Their credibility should be seriously questioned based on their collossal subprime misjudgement but they've been around for a long time and have accrued a lot of good will; they are still considered the premier ratings agency. Really, S&P is only indicating what most people...

Here we go again. Down 100+. Jobs report an uptick but below seasonal average. Interesting though that the SPY RSI is almost @ 0.

While you typed the above oil fell 5%.

True. If there's an economic collapse major war will be inevitable - West vs East.