I'm not going to get into all the bailouts and bankruptcies. All you need to know is that we are in crash mode. The Dow lost 504 points today on what I'm guessing is extremely heavy volume. My volume figures are skewed again. Advance/declines were 15 to 1 negative. Extraordinary times are what these are. Summation index will be gapping lower and who knows how low we will go. Normal analysis just won't work now because it is a catastrophic event. Everything gets sold to raise capital. There will be opportunities to get things cheap. But you don't really know what will survive and what won't. The Fed meets tomorrow and what can they possibly do? It's beyond the level of interest rates, what is going on now. The sidelines is probably the best place to be unless you're short or own puts. Gold is a safe haven and rose over $20 again today. However the XAU didn't join the rise and lost 7 3/4. ABX and GG lost around 2 and NEM around 1. Cash must be raised and the gold shares are a way to raise it. The XAU/Gold ratio continues to be out of whack and I still think it has to get back to normal levels at some point. When that is, I don't know. GG calls still showing a loss but not as much as it would be without the crazy volatility. Nothing makes sense when the markets get like this. Fear overwhelms everything. GE lost 2 bucks on insane volume. It's a panic sell. Will GE go out of business too? I doubt it but who wants to step in and buy it here? Mentally I'm doing as good as can be expected. Did not sleep good last night though. Where do we go from here? I don't have the answers but I have seen collapses before. They don't last forever but they sure go fast when they are happening. Take it down all the way into expiration on Friday? It's possible. Gold rising and the gold shares falling? That's never a good sign of things to come. But who knows? In this type of market anything can and does happen. But usually, it's for the worse.