CRASHING CLOSE

Markets crashed today with the SPX down 10%, NAZ -10% and DJIA -8%- The bank index which supposedly bottomed a while ago was down 20%.

NYSE/NAZ 5,000 net losers;

GOLD - higher by $29 at $912;

Not much to say except lots of folks no where to put the blame as the House voted NO on the rescue plan.

I suspect a plan gets support later in the week now that everyone knows the ramifications of voting NO- And if you want to know how your Congress person voted - here is the list.

In my mind this was a market crash today and going back to prior crashes- 1987- lots of money was made by the buyers and I suspect it will be no different this time. Question is when to step in and this fish will be watching tomorrow very closely.