CRAAAAASSSSHHHHH!

OYYYYY!!! My aching portfolio, and the market is not even open. Those loud bangs you are hearing are the worldwide markets crashing in unison. Asia and Europe are both down anywhere between 3%-7%, oil is down $2, silver is down .50 and gold is down $17 (off the lows of being down $21.), S+P futures are down 60 and the Dow Futures are down 520! The only thing higher, that I can see is the dollar and prolly bonds tomorrow. (They are not trading now).

It is my opinion that sometime later today (it is 1pm now) you will see probably the largest worldwide injection of liquidity in history. I would expect the fed to massively cut rates before the open. If nothing is done tomorrow morning, look for Dow to open down at least 1000 points.

On the brighter side of life, I can still roll around in my gold coins and bullion pretending I am King Midas, not so much my gold stocks though.

As Jim Sinclair would say: "THIS IS IT!!!"