One of my extreme low ball orders for income stocks, (PWE) did fill, I'm so grateful. When markets have entirely lost reason, it is impossible to pick a low. It's days like this that make long hours of tape watching worthwhile.

The best explaination I've read (here) is an imploding hedge fund. In point of fact, it looks far bigger then that. Perhaps a major broker or bank. The rush to raise cash came all at once as the DOW collapsed. The sell-off had NOTHING what so ever to do with the price of oil. Did you notice after today's very bullish EIA repore at 10:30 there was almost no movment, in (energy) stocks. Even early profit takers and day traders were taken for a ride. No, today's energy sell-off started as a forced margin call on a large institution. We here all know which sector had all the gains this year.
Don't be shocked to see this go on Thursday as well.
Monday, I fear, will be a day to remember.


Second qtr earnings should put energy into better perspective.
Just hang tough. If 'they' want oil and gas, they have to come to us.
BerryBob