[Arktwo] This could be it !!!

[Bruce Beach]

I think -
This could be it !!!
For the stock and financial markets. 

I have been watching this 
for the last several hours. 

Called after mid-night 
two friends that I consider to be experts. 
Have never done that before. 
Means that I think it is serious 
even if I can't find confirmation. 

Have tried to check early overnight 
stock market news reports from Asia. 
Find nothing. 
Zip. 
Zero. 
That is either unusual itself - 
or it is very calm. 

Crazy - 
that I would be saying something 
that no one else is saying. 
My expert friends would only say - 
"Well, we will know tomorrow 
if you are right." 

So, 
here it is to tomorrow - 
and you are reading this. 
Was I right? 

At this moment it is 3 a.m. 
when I am writing this. 
What has me so excited. 

Well - 
look at:

http://www.markit.com/information/products/abx.html

It is dated Sept. 17th. 
That is now yesterday. 
I think it was after the stock market closes activity. 

What I think it is - 
is the DERIVATIVES market. 

What I THINK that it says is that 
the derivatives market has collapsed. 

Here is the chart

Index  Series  Version  Coupon  RED ID  Price  High  Low  
ABX-HE-AAA 07-2 7 2 76 0A08AHAD4 93.53 99.33 89.94 
ABX-HE-AA 07-2 7 2 192 0A08AGAD6 75.25 97.00 75.25 
ABX-HE-A 07-2 7 2 369 0A08AFAD8 47.13 81.94 47.13 
ABX-HE-BBB 07-2 7 2 500 0A08AIAD2 30.69 56.61 30.69 
ABX-HE-BBB- 07-2 7 2 500 0A08AOAD9 26.88 50.33 26.88 
ABX-HE-AAA 07-1 7 1 9 0A08AHAC6 93.88 100.09 87.75 
ABX-HE-AA 07-1 7 1 15 0A08AGAC8 68.81 100.09 63.19 
ABX-HE-A 07-1 7 1 64 0A08AFAC0 35.75 100.01 35.75 
ABX-HE-BBB 07-1 7 1 224 0A08AIAC4 25.75 98.35 25.75 
ABX-HE-BBB- 07-1 7 1 389 0A08AOAC1 24.50 97.47 24.50 
ABX-HE-AAA 06-2 6 2 11 0A08AHAB8 95.17 100.12 90.03 
ABX-HE-AA 06-2 6 2 17 0A08AGAB0 81.06 100.12 73.94 
ABX-HE-A 06-2 6 2 44 0A08AFAB2 49.66 100.12 49.66 
ABX-HE-BBB 06-2 6 2 133 0A08AIAB6 29.06 100.59 29.06 
ABX-HE-BBB- 06-2 6 2 242 0A08AOAB3 25.63 100.94 25.63 
ABX-HE-AAA 06-1 6 1 18 0A08AHAA1 98.17 100.38 94.97 
ABX-HE-AA 06-1 6 1 32 0A08AGAA9 93.81 100.73 84.64 
ABX-HE-A 06-1 6 1 54 0A08AFAA7 79.80 100.51 69.22 
ABX-HE-BBB 06-1 6 1 154 0A08AIAA4 49.88 101.20 49.88 
ABX-HE-BBB- 06-1 6 1 267 0A08AOAA2 40.99 102.19 40.99 

And here is my own analysis chart 
with the numbers that are non-meaningful to me 
turned into reference numbers we can use.

##  Price  High  Low  
01 93.53 99.33 89.94 
02 75.25 97.00 75.25 
03 47.13 81.94 47.13 
04 30.69 56.61 30.69 
05 26.88 50.33 26.88 
06 93.88 100.09 87.75 
07 68.81 100.09 63.19 
08 35.75 100.01 35.75 
09 25.75 98.35 25.75 
10 24.50 97.47 24.50 
12 95.17 100.12 90.03 
13 81.06 100.12 73.94 
14 49.66 100.12 49.66 
15 29.06 100.59 29.06 
16 25.63 100.94 25.63 
17 98.17 100.38 94.97 
18 93.81 100.73 84.64 
19 79.80 100.51 69.22 
20 49.88 101.20 49.88 
21 40.99 102.19 40.99 
   
Look down the columns and 
here is how I read it. 

The PRICE - is the closing price. 
The HIGH  - is probably near the opening price. 
The Low - is most often the closing price. 

#1 is not really bad news. 
One can only say that of 6, 12, 17, 18 
These five make up a quarter of the market - 
and while they average about five percent off 
(of what I suspect to be near the open)
still that may be A LOT in this kind of market -

01 93.53 99.33 89.94 
06 93.88 100.09 87.75 
12 95.17 100.12 90.03 
17 98.17 100.38 94.97 
18 93.81 100.73 84.64

the rest have typically LOST 40% to 75% 
of their value. 
In other words - 
if I am correct - 
then the derivatives market has COLLAPSED 
with an average loss of over 50%.

I have been warning you about this for a month. 

I told you about the crisis in Canada.

http://tinyurl.com/2svc2m

with the following update.

http://tinyurl.com/2fup2n

And here was still more on this thread 
in the NY Times -
what is now three days ago.

http://tinyurl.com/3yumyo

But none of this matches today's news - 
if I am correct.

It actually started in July. 
August 16th agreement day - 
was the big day in the eyes of those 
who watch these things. 

The August 16th agreement gave 
the Canadian Hedge Funds 
90 days 
until Oct. 15th 
to get their act together. 

They said they couldn't do it. 
They were told they had to do it. 
They said they couldn't do it. 
They were told they had to do it. 
They said they couldn't do it. 
They were told they had to do it. 

"Look," said the Hedges, 
"our investors are very sophisticated - 
and they are not going to allow a fire sale 
of our stocks." 

They thought they were TOO BIG 
to be allowed to fail. 

They were WRONG.

I could tell you a lot more about this. 
I HAVE told you a lot more about this. 
Some of the sophisticates that I called said - 
"I have faith in the PPT (Plunge Protection Team) - 
they have met crises before 
and they are not going to let the world collapse."

They must think that I am Chicken Little. 
Chicken Little Beach. 
"The sky is falling. 
The sky is falling. 
The sky is falling."

Here it is - 
now 4 a.m.  
and I am out here by myself screaming this. 
Everyone else is sound asleep. 
And hopefully, 
when you wake up in the morning 
and read this tomorrow - 
you can have a good laugh. 

Now 4:30 a.m.
I sit hear alone reading other news. 
A revolution about to happen in Pakistan. 
Turkey's parliament okaying invasion of Iraq. 
US calling up 8 Guard units. 
China frothing at the teeth about the Dalai Lama. 
Both US and Russian military forces 
going into major exercises. 
Special envoy to Washington from Israel. 
Ten thousand Jewish families in Iran 
sent letters yesterday by Israel 
telling them to leave everything and get out. 
Major chest thumping from Russia and Iran.  

People say I should get a life. 
Maybe I should get some sleep.

Peace and love,
Bruce