SCREAMING EAGLE EYES

Only 2 things can happen now IMHO, the SPX reclaims 1200 by weeks end or we head to 1100 target. We will be looking for snap back, but it doesnt have to begin today, what exactly is there OUT there to save the day? FED ACTION ? not really will it.....AMerica's LARGEST CREDIT BLOWING MACHINES WHEELS HAVE COME OFF....now its only a matter of whether we go back to the stone wheel or whitewalls

WHAT THE F are we left with to buy a house? SCREAMING EAGLE EYES disecting every credit app like looking for one seasme seed on the beach....or a federal home loan....what happened to those Country wide commercials? or requiring 20% DOWN? who got that....are people who do got that WAITING for lower prices?

Macy's BUSY with 40% discounts....Nordstrom's $175 shirts look too neat on their tables like no one has touched them.

DO American's have savings to fall back on like the japanese did in the 90's?

With unemployment rate going up and HIGH paying jobs lost....does that support home prices? What if home prices keep falling? are they going to rise anytime soon? SO is debt marked down all the way yet?

If we get a VIX 40 strike.......or a 1K DOW as we roll into OCT it might be safe to come out of the bunker......ON Street signs the traders there said that the BEST were getting beat up good......

A true rally will carry some force behind it ......name even one.....if NO anwser for 90% downers, even multiple ones....is an all out collapse down the road? was the 500 pt loss it? or appetizer....previous 30 VIX spikes provided long platform....will it take more now?

GE tumbles as investors fret over financial stocksAP(Mon 6:44pm) GE now seen as FINANCIAL STOCK? off another $2 getting closer to 420 WHO wouldnt buy GE at $20 (long term??/)

Lemmings getting VERY nervous.....I have just gotten my LOWEST BEAR READING since my 2001 reading of 31.58 which lead eventually to BOTTOM OF BEAR AT 20.54...........A YEAR LATER! avery sharp RALLY ensued after 2001 lows (partly caused by post 911 selling (weeklong)

I am leaning on watching for BUYING OPP, maybe best since BEAR BEGAN (heading into Pres cycle lows maybe?) which would FALL apart next year and hopefully lead to ultimate lows....making this a 2 yr bear - 2.5 yr bear....boy what a dif landscape we will have.

http://www.kwaves.com/ without wild credit creation our economy cannot sustain itself....we are in midst of worst credit/debt destruction.....has it JUST begun? as we watch fired workers file out of LEHMAN...now Hewlett PAckard.....