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If we get another MF Global folks the market will drop 5,000 DOW points and not bounce, as that will be that -- in the grains, in the commodities, in everything. [snip] I have no idea what their [Penson(PNSN)] liquidity position actually looks like. All I know is what I see in their stock price. But this does not look good, and as Ann points out there is now history with MF Global and the CME refusing to make good when their oversight fails and customer funds "disappear." In short don't expect that you're safe if Penson blows because there...

The market has a reputation for tanking in October, though there's no obvious reason why that month should stand out as being so bloody. A theme that we've seen discussed more than once is the scary resemblance this year's stock market bears to last years. Here's a look at the S&P 500 between January 1, 2008 and June 6, 2008.

Dr Marc Faber expect total market collapse soon Here is video of Marc Faber talking CNBC yesterday total collapse coming soon and he was immidiately cutoff by the host .