[RSmithOpt]

I think the panic comes from those that bet heavy and are leveraged to the max, So, when the 10-20% returns start disappearing in a BS market run-up, those over-leveraged get sick quick.

The correction has been needed for some time, however, the devaluation of the dollar is hurting the US in that those that were slack enough to run up their credit, are feeling the sinking teeth first.

The BS bad loan credit expansion to the unqualified consumer in housing and credit cards was bad anyway we look at it. Now, ad all them packaged CDO's etc., shhheeeeshhh!

People will still eat, go to work, go to the doctor, buy electricity and oil...but, filing their homes with more junk, $7 lattes, the newest electronic gizmo, has come to an end for the most part.

[Recovering_Democrat]

FWIW, Stock future right now are higher....Dow futures +67.00, NASDAQ +15.75, and S&P +11.9.

Of course, that could change on a moment’s notice.