THE CLOSE

No deal on wall street and down goes the market and the dollar while oil/gold/commodities soar.

The DJIA down 375, NAZ 95 and SPX 48 and back near the 1200 level.

VIX finally moved up to the 34 level - higher by 6.35%;

NYSE/NAZ 3500 net losers;

Check the action in the banks-

BAC -9%;

C-3%;

JPM -12.5%;

WB -21%;

WFC-12%;

Pretty ugly and I guess if the stocks can't be shorted they will be sold to mitigate risk.

I suspect the boys at the FED are not going to want to see more days like this and will try to get a deal done soon - hopefully before tomorrow morning. Another day or two of action like this and prices may go much much lower.