The Market is a Mess – Thanks Freddie and Fannie

So we now have Fannie and Freddie down $10 points intraday. This is after 40-50 percent rapid declines.

I had to buy. I am adding aome more VMW and Baidu into this new intraday abyss but that is all at these levels. They were both way profitable intraday and are now crushed.

Early strength has turned into a nightmare and I am not going to make an outsized bet on a quiet day. The market could indeed meltdown from here.

Crazy action.