SPDR S&P 500 (SPY)

[learningboutinv]

Foot, LOL, it's hard to do (be positive) with MER, AIG, LEH losing so much value in a week. Sure wish I was short those stocks!

MER down -36% this week.
LEH down -77% this week.
AIG down -45% this week.

Lehmanites boosting the economy by drinking their sorrows away. (I've actually been there, not drinking my sorrows away but in a lay-off with the tech bubble burst in 2000/2001.) It was miserable slow grind down from 1200 employees to 30 and since I took care of the network infrastructure/security I was one of the last people left, talk about depressing and depressed people. But at the time I was single and young and my parents told me to save and be thrifty so it didn't really affect me, and I was luckily able to easily get a job right away (within 2 weeks) while they gave me 6 weeks severance.

http://money.cnn.com/2008/09/12/news/companies/lehworkers_kimes/index.htm

On a positive note, VXO, is getting close to a bottom. But, the VXN needs to tag ~35, QQV tag ~33, VIX ~30 meaning there is still some more room for fear to go up.