The NYSE couldn't handle the selling on Tuesday and that was just a 3% drop. The Hybrid is broken. The specialists don't take positions anymore. One or two Arca programs probably have more capital behind them than do the specialist anymore in some names. (Sidenote, Cramer needs alot of help with his NYX. He down 20 smackers. NYX is the best short in the market as the NYSE doesn't even work and the specialists might be all leaving).
Imagine the panic the media would cause if we fall 6% Friday and the headlines over the weekend are that the NYSE had to shut down because of too many sell orders.
Black Monday.
Why not. This may be worst residential collapse in the history of the country. Not to mention all the other fictional wealth present in the U.S. economy. The house of cards just has too many cards. Oh yeah, we have killed 100,000's in the middle east and potentially bred millions of future terrorists and America haters. If they don't hit us on Monday, its only a matter of time until they do.
Imagine the panic the media would cause if we fall 6% Friday and the headlines over the weekend are that the NYSE had to shut down because of too many sell orders.
Black Monday.
Why not. This may be worst residential collapse in the history of the country. Not to mention all the other fictional wealth present in the U.S. economy. The house of cards just has too many cards. Oh yeah, we have killed 100,000's in the middle east and potentially bred millions of future terrorists and America haters. If they don't hit us on Monday, its only a matter of time until they do.
