I'll be out the rest of the day for travel. As you can see the commodities are blowing up and the action is very similar to August 2007 in fact; I remember watching CF Industries (CF) dropping (then rebounding) 15% swings daily but a lot more down than up. It does feel like forced liquidations in the hedge fund world but we're just guessing.
I have a series of posts scheduled for the remainder of the day to keep you satiated but won't have an eye on the market until after close tonight. Maybe it's better that way? ;)
Somehow with 25% cash and 22% short we are down nearly 2% for the day. It's just a tough market. Even pawn shops are being sold off - sheesh.
