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Obamageddon struck today hard. anyone who thought this downgrade was priced in was a fool. not when the VIX was a measly 28's now its pricing it in more accurately. with the Vix at closing 48.

Now the mutual fund liquidations requests are coming in real strong, SPY 96-98 by friday is pretty much a done deal. Those who were getting their feet back into equities are pulling out like a frog on a hot tin roof. We should reach 80's for SPY by september.

you think? The short term notes should hold up as equities are vaporized en masse when margin calls start hitting hard. Cash will at least hit treasuries. where else will it go?

Don't expect short term treasuries to have much of an impact since the shit storm of cash from equity liquidations will go to the short term notes. It should keep yields low as the meltdown comes in waves monday.

This news will hit monday like a ton of bricks. Expect a trading halt monday. Probably a 1 hour halt.

No these last two weeks was warmup. You aint seen nothing yet. Monday will be a the equivalent of Pearl Harbor on the stockmarket.

Get ready!

okay they did not pull it, sorry off 10 minutes. AA+ downgrade done.

They pull the notice at the last minute and claim a "Computer glitch" WTF!

EST. I have no idea, I do not trade metals. Talk to the PM desk they can answer that.

8:15 Official announcement from S&P so news should have it by 8:16 at least. Bombshell TONITE!!! I say 9% drop monday. when liquidation and margin calls hit hard.

Turn your TV on tonite.

TONITE at 8:15 S&P is going to announce a downgrade from AAA to AA+ MONDAY BLOODBATH coming.

Get in the Pool and watch some Tv, eat and relax and be a big slacker. Anyhow stick your name right underneath. Go send in your order. 1.49 @ 5000

IT would be like reading books on poker and playing poker on your computer, then going to Las Vegas and playing the high stakes table surrounded by seasoned pros with.

I still got a couple of hours to kill. Don't be such a spoil sport. Just put in an order right under mines. I want to see 1.50 @ 5000 (King of Shorts) 1.49 @ 5000 (who wants this spot?) fill er up.

I put in an order bid for 5000 shares at 1.50 for SPY. scroll down and you will see it. I want to see if someone here could put one for 5000 at 1.49 Lets fill the book all the way down to 99 cents.

Fuck, I was hoping to sell short spy puts monday morning.

Holyshit, they look like something out of the movie deliverance, meth anyone?? They stuck their 10 year old kid in a locked box and left her to die baking in the Arizona sun. http://www.cnn.com/2011/CRIME/07/29/arizona.girl.killed/index.html Seriously sometime's I think we should require a...