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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Think4Yourself who wrote (147393)	9/17/2008 1:44:22 PM
From: Pogeu Mahone	Respond to of 306849

capitulation? yawn.

To: Think4Yourself who wrote (147393)	9/17/2008 1:53:18 PM
From: butschi2	Read Replies (1) \| Respond to of 306849

Would expect the low tommorrow after open if we fall into the close today. No support seen yet. One more roundtrip of selling around the world. Perhaps some buying of shares through the FED on friday if we dont get some rebound tommorrow ;) OpEx should be a bloodbath for many traders/MM. I expect some MM going out of business in this fast moving markets with LEH, AIG and other banks having huge open interest and sometimes no offsetting position possible due to overnight drops and partners like LEH hitting the wall. The carnage of this week should not be felt fully until OpEx settling and settling of other stock and option trades. I would expect many failed settlings and a lot of money needed for clearing systems to operate through this carnage. JPM gave money to LEH because clearing would have gone down without LEH paying the settlings even after CH11. The system would have gone broke if your anonymous trades fail. Thats may be although a big problem for other anonymous trading systems especially on the derivatives side like CBOE, CBOT, EUREX or on the commidity side. If you arent sure you get payed on anonymous contracts all tradings grinds to a halt.