DOW crash part 3 – thank you Mr. Bernanke and Mr. Paulson

On the left hand, the current DOW – this time it’s a bit different. It’s a bear market finishing with a crash (this leg). We closed at 64 VIX today – never seen that before. That happens in week 6 with a SEQ 13 today and a Combo 9 for the VIX. So we might see even 3 higher VIX days but they might occur to a later point in time – within the next 3 weeks.

We will enter full gear earnings season next week. So, plenty of volatility ahead even if we get a rate cut, since those do not change the grid lock in the interest rate markets these morons (Bernanke/Paulson) produced by not bailing out Lehman. If Lehman would have been bailed out, banks would not question each other to that degree, since they would assume the government is the backstop. Fire both guys since they have cost this world trillions.

They should have the decency to admit that they blew it – it’s outrageous that they are still in office. Good that Harvard has this fine education and trains our heroes so well.


~ by behindthematrix on October 9, 2008.

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