iran holds key to rebound, page-3

Its the financials and not oil really. Financials have shed 44% so far . Some have been thrashed a lot more than the analysts expectations. Fannie and Freddie, which are rated Aaa by the world's largest credit-rating companies, are being treated by derivatives traders as if they are rated five levels lower.

DOW shed 30% in the last 20 minutes and with oil holding it is clear panic selling. Still the drops are on average volume and not on capitulation volumes. Or did we have capitulation at 11800 and this is a slide on lack of buyer interest?


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