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No sector leadership, threat to treasuries (http://www.investmentnews.com/apps/pbcs.dll/article?AID=/20081019/REG/310209975/1009/TOC&ht), earnings getting decimated, credit bursting, etc etc etc. We're in for a world of hurt going forward. To what extent nobody knows. Forget generalizations...

Stock_trdr- There are literally dozens of reasons to be dumping shares right now.

Ishop- Good point. I don't disagree. But BIG money would NEVER have bought RIGHT at the open like that. You never buy now when you can almost certainly get a better price an hour from now. I'm looking at the WAY things were bought.

Anyone who doesn't think the PPT team is at work today is out of their mind IMO. Why would anyone with 1/2 a brain be buying BILLIONS of dollars worth of stock RIGHT at the open with futures down 550 and Asia having crashed?!!! They wouldn't. They'd wait to see how bad things got and then...