20080909PM

DOW 11,231.06 -279.68
NASDAQ 2,209.81 -59.95
S&P 500 1,224.55 -43.24
People are scared and are moving to cash and deleveraging. Markets are oversold, but this time of heavy selling can keep itself going when buyers are scared to step in.

LEH 7.79 -6.36. Massive volume. No Lehman-specific news.
AIG 18.37 -4.39. Possible short.
HOMB 26.85 +.46. 52 week high. Surprising any financial is doing so well.
BLK 210.80 -12.92. Possible short. Merrill Brokers Press Pimco, BlackRock to Buy Auction-Rate Debt

TRE 2.13 -.62. Big volume at these lows.
PAAS 19.10 -1.69. Shorted today as a play on silver price decline.
X 93.69 -13.92.