"... yesterday oil traders who owned oil derivatives realized that if they continued to hold these derivatives, they (the traders) would have to actually take delivery on the physical oil they owned."
"And then there’s the VIX which typically moves higher when stocks collapse. The VIX is forming a bullish falling wedge formation which could resolve in a big move higher."
"The Fed managed to stop this massacre by announcing it would backstop everything."
"You can’t “buy low,” if you don’t have anything to “buy with.”"
"Germany is the ultimate backstop for the EU. ... German sovereign bonds are beginning to break down."
"Europe is shutting down"
"While it may not look like much on a percentage basis, the cumulative return lost to Berkshire Shareholders over the last decade was roughly $90 Billion dollars."