TALK ABOUT CRASHES!

Take a look at these 3 charts of oil (USO) natgas (UNG) and Coal (KOL) and they all continue to circle the drain especially coal which is down almost 75%




Meanwhile the dow rallied from Friday's intraday low around 7800ish to almost 9800 yesterday. That was over a 20% move in less than 3 trading sessions. We've had years that weren't as good as those 72 hours. Now we've given back almost all of Monday's gain and we could be down to last Friday's low in as little as another down session. And we've had a crash today in big energy stocks as the Dow Jones Oil and Gas Index was down 16% today. That index was @ 775.83 back last May and its down nearly 400 points.

And yet as someone pointed out on the comments board earlier today we are so jaded that the market drops 700 points and no one bats an eye. CNBC anchors on Power Lunch today made the same observation.

My doctor today who has no investment knowledge (he's been in cash since late last year so ignorance here is absolute bliss!) told me today he's going to put some money in the Prudent Bear Fund. Sign of a bottom? S&P down over 40% in the last 12 months.

God knows what awaits us tomorrow. Today was nothing short of absolute liquidation. Who knows how long it lasts.