UPDATE: AS PREDICTED BY HP'ERS THE FED PANICKED, DROPPED RATES 3/4 POINT - AND JUST MINUTES BEFORE THE MARKET OPENED. WILL IT WORK?
YOU'RE WATCHING THE PLUNGE PROTECTION TEAM IN ACTION NOW!! BUT HOW MANY BULLETS DO THEY HAVE LEFT IN THE GUN? CAN THEY STOP THE PANIC? OR IS THEIR PANIC GOING TO MAKE PEOPLE PANIC EVEN MORE?
Sometimes being on the sideline with buckets of cash is the best place to be.
Let the movie start already! Man, two days of a worldwide stock market crash and the US hasn't even opened yet, it's gonna be interesting. PPT? Helicopter Ben? Trading curbs?
One more time, for the newbies:
The final phase is a self-feeding panic, where the bubble bursts. People of wealth and credit scramble to unload whatever they have bought at greater and greater losses, and cash becomes king.