Once night in 2008 post Lehman there was a limit down night on the US futures, the S&P's get stopped/turned off at -50 points. Mohamed El Erian of Pimco came on CNBC and said "it is going to be a very important night" and "when the cattle are all charging through the gate, you don't go near the gate you just let them do their thing"...
Turned out to be one of those reversal days and I think it even ended positive.
Like that day we had in August. You never know how the day will end but my 2hr for the Emini isn't looking great although the last line of defence for the channel has givin a bit of a bounce. Then down to 1120 for me.
afp's memorial 9/11 monday, page-78
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