[razorback-bert]

Here's part of a note from Paul Kedrosky on realmoney.com tonight:

"Today, for its own ineffable reasons, has people feeling dread, the nebulous sense that something wicked this way comes. Everything is being sold, and no-one knows what will accelerate the pace of selling. Pick a rumor -- emergency Fed meetings, derivative debacles, bank implosions, etc. -- and you heard it today. Wild stuff.

Enough investors have apparently now been burnt buying "bottoms" on opening that the worry is there will be a bid vacuum on an opening Real Soon Now. What will be the landing at the bottom of the air-pocket? Who knows, but it would be painful.

I hope this doesn't seem alarmist, and I hope I'm wrong and things bottom in here. It's just that I talk to an awful lot of smart people every day, and I want RealMoney readers to know that I am hearing things I haven't heard in more than fifteen years in the markets."

---Paul Kedrosky tonight on realmoney.com

[junta]

That is alarmist a no bid day would probably mean that the markets would be closed somewhat like Roosevelt's Bank Holiday.

[Dialup Llama]

Wow and I thought Art Bell could scare the crap out of someone. This guy just took Bell's place.