[Fyscat]

Just a couple quick points on todays turnaround....


Based on changes in the Wilshire, the total value of U.S. stocks retreated by $192.6 billion today alone...

Nasdog Loses 1.8% for largest decline since Dec. 9th

Dow pares it's advance for the year to 0.1% Dow and S&P500 had their biggest declines since 10-22

Canadian dollar slides after Fed statement; U.S. mortgage bonds sink. US muni money mkt funds see $611 mln wkly outflows

Welcome to the "Hotel California"

Meanwhile, Ameritrades quote provider went down, it also brought down ETrade and Scwhab.

If it was due to poor infrastructure to handle the volume, people will sue to recover damages.

The major online trading sites ALL go down in unison during a market collapse, leaving their customers unable to trade during the breakdown of the S&P 500. Just take a wild guess how much the market would have been down if retail investors had been allowed to trade!

If these systems were not equipped to handle today's volume, imagine how they'll respond in a REAL MELTDOWN. Anybody who is playing the long side needs to remember what happened here today. In the event of an emergency, the exits are totally closed.

"You can check out any time you like...but you can never leave!"

[expat_panama]

Just a couple quick points on todays turnaround....

And the points are very convincing. As for me I took a profit with Scottrade at 2 minutes before closing bell without a problem (-- it would've been nicer if I'd sold yesterday, but hey- nobody ever went broke taking a profit.)

But if we decide there was so much panic selling today, we still have to explain the closing uptick with increasing volume...