This Scared me... Not the market

This is what is scary.

Jeff mackey said "What we learned this week is that Zero is an option."

This has me unnerved, it's that a significant Wall street player, doesn't understand that Zero has always been an option. You can look at all the players and Realize that if many of them refuse to risk money because they have never understood risk.... It's like I pointed out with Meridith Whitney, she didn't realize that the "Contraction" in the market; was wall street, was Investment banking. They are the contraction this time. Instead of contracting the individual companies, since The I-Banks didn't want to do that, then the number of companies has to contract. That adds to the fear.

Gartman was on, and he just doesn't want to play. I think that is how everyone is. Maybe we get a bump in the morning. I'm stumped, but we shouldn't have made a new low on Thursday.

Maybe we can make a low on Monday, maybe we can make a low in october.

But if you want sentiment, I don't feel like I'm properly compensated at this point for risk.

3 month treasuries went to zero. This is obscene. and ridiculous amounts of fear, and not vix fear that is real fear, and if we don't get a serious bounce off of it..... it's just not a game to play.