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To: Lucretius who wrote (121546)	9/13/2001 11:27:14 AM
From: Real Man	Respond to of 436258

No, without this happening I think we would get a bounce into options expiration. Now put writers may be screwed big time, for the first time, leading to a quick move down and several financial casualties. We were below maxpain before this happened. I guess everyone remembers what the Fed did on 3 occasions when something like this (not the tragedy, but the options situation) happened earlier. I'm not sure they will be able to save it from collapse this time, but I'm sure they are getting prepared, and that's why they keep the markets closed. If they lose control of these markets, it will be the first time. This event has the potential to outpower the market manipulation by the Fed. Of course, they are responsible, cause derivative markets should not have been manipulated and aided in the first place.