Another prophet foresees market panic

Thus Jim in San Marcos:

This week, look for a serious drop in the DJIA of 4,000 to 6,000 points and the close of the stock market for a week or two. [...] Most people have sensed something is seriously wrong with the markets and are heading for the exits (even the President said so). With the automated computer trading system in place, this could be very fast and furious,--sleep late and wake up broke.

Monday morning at the brokerage houses you’ll hear; “Sell everything; I didn’t sleep a wink the whole weekend.” It will be a group effort.

That's the way to do it (not)

Punch and Judy Bank

An interesting article by Tim Wood in SafeHaven yesterday, in which he argues that the market is too big to manipulate. According to him, interest rates and market movements are largely unrelated and operate on separate cycles.