Watching a market this volatile is fascinating and scary like a train wreck. Better then any sporting event in my opinion. Safer from the sidelines too.

I don't know if an economy this large can crash as hard and as fast as you are saying, but for the sake of us all I hope not.

Say there Mister Potter -- what did the market do today?  Any bargain hunter activity?  How about financial services firms?  Did any of them tank in late trading?  J.P. MorganChase do okay?  What about Citigroup? 

Oh...wait...we wouldn't want to spread any hopeful news on this bloggity blog now would we. 

Nevermind.  (in the voice of Emily Litella)

We now return you to your regular doom and gloom programming. 

For Apple to have sucha frenzy and a high stock price again, they would have to have some pritty good product lines again coupled with another OS and another hand gadget. I think it was rare this time around, perhaps the stars were aligned.

bluesky, my only regret about Citi stock is that I didn't have more money to risk when I shorted them at $34. I covered that position at $25. I didn't do as well on that deal as I did when I shorted Countrywide at $18 and cashed out at $9 but it was still a small fortune in my little world.

I would NOT look at a one week chart on a financial. Stupid things happen in the stock market all the time and this is stoooopid. Their 6 month chart is a very steep downhill decline. The only way I would do any financial moves in this market would be on a short position, which I will do with Citi and Countrywide both if the lemmings are going to run them both back up. Citi at $40 and CW at $12 and I'll take another hit at both of those pigs. I'll steer clear of JP as their swings have been wild and totally unpredictable over the last couple of months.

"Study: Bush led U.S. to war on 'false pretenses' "

"Some journalists — indeed, even some entire news organizations —
have since acknowledged that their coverage during those prewar months was far too deferential and uncritical..."

"The cumulative effect of these false statements — amplified by thousands of news stories and broadcasts — was massive, with the media coverage creating an almost impenetrable din for several critical months in the run-up to war," the study concluded."

read it here: http://www.msnbc.msn.com/id/22794451/?GT1=10755

dualsub2006 -- don't get me wrong...I wouldn't own Citi or Countrywide or any of those stocks (congrats on your shorting, BTW).  I just like giving Gary trouble for being such a bear.  He's freakin' out over this because he owns like 11 or 12 houses.  I think I'd freak out too if I owned 11 houses.  If massive populations can't afford to pay their own mortgages, they aren't going to be able to rent vacation homes at $5,000 a night either! 

However, I'd be happy to let some of them pitch a tent in my back yard (lots of woods and wildlife) for just four bucks a night (quantities extremely limited).  They're gonna have to walk up to the Mobil station to use the toilets though...I'm just not in the mood to dig a pit while the ground is still frozen...

You all miss me, don't you?  LOL

Gary, I like you. But you are so full of yourself this time that you even contradict in one post. If you made so such money (in at 13 and out at 200) on one US stock, why never buy US stocks again, ever?

Well first of all, I don't like buying securities. Second of all, I am a person of huge global statements. I also said I would never get married again. But I still never plan on buying U.S. securities. The values are based on opinion, and these opinions are cornered by greedy people.

Well, I have 11 properties but only 1 is in the United States. Canada, while not decoupled, I am more bullish about.

Greedy people?  Well it's a good thing we don't know anyone like that do we?  LOL  We certainly don't want any of our friends to "get rich!!"

I miss the horse porn.