Eerie Feeling

I think we were in the process of crashing today and the PPT came in to save the day. I have no proof, but I think the accepted belief that it was a trading glitch is bogus. I believe positions were being unwound by institutions at the same time and the system couldn't handle it all at once and the bids disappeared. Tomorrow should be an ugly day. At this point, the downside momentum is a freight train in all risk assets. Europe is getting closer to chaos and mass sovereign defaults. No one will want to take home risk over the weekend which will likely mean a weak Friday. I can just feel it in my bones.