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It is possible, the pattern that we have seen the last few weeks is very similar to what occured prior to black Monday. Damn look at GS go! If the leh auction is anything to go by the forced selling may noit be over as I had expected/hoped. Things really are as bad as banks have been worried...

Pull up a chart of 87 and the month leading up to the crash, note any similarities? Just putting it out there because I am getting a very bad feeling here. GS selling off.

http://www.bloomberg.com/apps/news?pid=20601087&sid=aP5mpMUORBWM&refer=home Bush has already said no apparently, maybe the Italian billionaire is trying to induce even more panic to buy some cheap assets:) Not a lot of humor today :( Now he is denying that he was proposing such and...

http://www.bloomberg.com/apps/news?pid=20601087&sid=aiMj9KoKg_CM&refer=home

very bad

When you break it down that is about the size of it, with leh auction only going for 9.75c I would say that a lot more lay offs and firings are in the works. Much worse than expected, and am amazed we are only down as much as we are...

The banks are scared that when the untradable assets on their books start trading again (ala Leh CDS at auction today) they will not have enough capital. They don't know what the price of those assets is right now so they have to assume the worst or face the same fate as leh etc. Once they have...

Maybe, will depend on the results of the leh auction, lets hope so anyway.

The pricing on these types of assets is what we need to start to put in some kind of a bottom. Once true market valuations are seen from an auction like this, banks's comfort level regarding how much capital they need to have on hand for when their own assets are priced will increase.

http://www.youtube.com/watch?v=TROhlThs9qY&feature=related

My dear Westmoreland, if it be a sin to covet profit, I am the most offending soul alive :D For those who wish to enjoy in its unadulterated form: http://artofmanliness.com/2008/09/13/manvotional-2-we-few-we-happy-few-we-band-of-brothers/ delivered by a master...

This day is called the Feast of the Trader: He that survives this this day without blowing up, Will stand a-tiptoe when the day is named, And rouse him at the mention of Traders. He that shall see this day and live t'old age, Will yearly on the vigil feast his neighbours, And say...

NWO, after the European bungling the last few days you have to be kidding. Even when they agree they break the agreement a day later. I'b bet on the Euro failing before we see any kind of NWO. Jem, can't believe a level headed person such as yourslef would entertain such a ridiculous notion...

The bottom will be in when the last hair on his head falls out.

Right now actions speak louder than words, he should save his breath. His heart hasn't been in the job for a while now. Occasionally liberal friends will send me some nonsense about a coup to avert an Obama win, I just have to laugh as I have never seen a Prez who was more eager to leave office...

I look at the market right now as somewhat of a Gordian knot. Once the knot is cut, or the credit logjam is released, equities will very quickly reflect that the financial world is not coming to an end. Common sense will return and we will not be 40% down from the highs for long. If you are...

You may be right, on the other hand I look at the market right now as somewhat of a Gordian knot. Once the knot is cut, or the credit logjam is released, equities will very quickly reflect that the financial world is not coming to an end. Common sense will return and we will not be 40% down from...

Please elaborate if you will, thanks.

NYSE's Niederauer Starting to `See Some Capitulation' LOL no kidding! I don't think many people realize that we are 40% off the highs of last year. I notice Paulson is going to speak on Friday after the market closes, will he trap a lot of shorts with what he has to say or will he do...

Just look at the market internals and how they have changed the last few days, this is a market attempting to bottom and buyers are showing up slowly but surely especially in tech. If it doesn't hold we crash. Long NQ calls and ES puts is where I am, trying to catch a few day trades inbetween...