[tubebender]

"We already have more scandals than we do people to investigate them. The investment portfolios of insurance companies are just yet another ticking bomb. Where are they going to get the cash needed for reserves and claims? It is a house of cards in a wind storm."

Maybe the Hunt brothers gave up on Silver...

[razorback-bert]

Here's part of a note from Paul Kedrosky on realmoney.com tonight:

"Today, for its own ineffable reasons, has people feeling dread, the nebulous sense that something wicked this way comes. Everything is being sold, and no-one knows what will accelerate the pace of selling. Pick a rumor -- emergency Fed meetings, derivative debacles, bank implosions, etc. -- and you heard it today. Wild stuff.

Enough investors have apparently now been burnt buying "bottoms" on opening that the worry is there will be a bid vacuum on an opening Real Soon Now. What will be the landing at the bottom of the air-pocket? Who knows, but it would be painful.

I hope this doesn't seem alarmist, and I hope I'm wrong and things bottom in here. It's just that I talk to an awful lot of smart people every day, and I want RealMoney readers to know that I am hearing things I haven't heard in more than fifteen years in the markets."

---Paul Kedrosky tonight on realmoney.com