Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: stan_hughes who wrote (349232)	11/23/2007 11:22:38 AM
From: Real Man	Respond to of 436258

Right. I don't thing the bloodletting in the stock market CAN happen slowly, kind of like the bloodletting in subprime could not happen slowly, and it really didn't happen slowly - those bonds went straight to zero. 10% correction is close to where the chain reaction of de-leveraging, LTCM style, could be ignited. VIX=120 then, and a BK. We are very close if it happens this time. Of course, nobody knows. In my view, the PPT support has been going on since the bottom in 2002 through LTCM mechanism. It's really getting very old and extreme, and is about to fail.