3.14.2008

TANKING MARKETS


So a pretty good call as the markets continue to worsen in the afternoon trade and more action by the margin clerk would not be surprising.


Metals up and metal stocks generally down;


Covering shorts this afternoon probably makes some sense as some good news may be out Monday morning;


Some talk "out there" that BSC stock could be worthless- management says book value in the "$80 area.";


Crude down to $110 and gold hovering near the $999.5 level;


Euro- 1.564 to the $;


VIX - UP 19% to 32.48- last time it was at these levels- "the rogue trader bottom Jan 22/23;


Next problem for the markets - C BAC WM NCC MS MER LEH GS?


NAZ not so good despite the remarks from Jimmy Cramer - down almost 60 and the BKX down 4.5% but not so bad - (sure); Either he can't read/can't see/ or can't do math; but definitely a clown;


And BESPOKE with some interesting facts since the bottom;


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