Intel Corp (INTC)

[Saturn V]

becoming so compelling that buyers will come in regardless

I notice that after every major drop, the too compelling value is 80% of the value after the drop. After Intel hit $18 for a less than an hour earlier this year, $16 would have been an outrageously compelling price. Similarly $11-$12 seems to be outrageously complelling today.

But the question is when will this mad panic end ? What is the market expecting ? We have all been thru recessions in the past, even major global ones. Is the market expecting a Great Depression ? Or is the present disaster due to major redemption panics, or deleveraging of hedge funds , and other derivatives ?

I sold a chunk of Intel in August, but made the mistake of not leaving enough cash to pay the tax liability, and bought a diversified portfolio with the proceeds. All my remaining cash is not enough to pay my tax liabilities. I am wondering if I should go on margin now and buy now.