20080929PM

DOW 10,365.45 -777.68 -6.98%
NASDAQ 1,983.73 -199.61 -9.14%
S&P 500 1,106.39 -106.59 -8.79%
CBOE Volatility VIX 46.72 +11.98
Market volume wasn't as huge as expected considering the percentage decline. There simply were no bids.
Gold and silver up.
Wall Street banker's bailout narrowly failed. A bailout will not fix the fundamental problems of unsound money, mark-to-myth accounting, and unreasonable leverage.

GMO 4.28 -.7. This was sold out late last week. It had been a long-term hold with covered calls sold. Those covered calls expired a week ago, a stop was put in place, and this non-precious metal miner was fortunately sold.
ICO 5.61 -1.06. Average volume. Coal miner. Put on buy watch list.
GNCMA 9.18 -.41. Less than average volume. Telco. Put on buy watch list.
WF 26.26 -7.54. 52 week low. China finance company. Was short until issued a "buy in" last week.
TLT 97.25 +2.75. Am long. Expect worldwide central bank rate cuts tonight.