Three Horsemen of the Crapocalypse

I know it's been a while since I posted. Some of you were wondering if I got killed in the avalanche that started rolling with subprime and got bigger as it piled into credit, then equities and then the global macro markets. The Austrians were onto something, that's for sure. Rest assured, however, that I am alive and well - a tsunami of volatility can be a beautiful thing if you know how to surf it. Of course with so much free money being stuffed into the markets by funds liquidating their assets for pennies on the dollar (think 10 Amaranths and I'm John Arnold with a bigass fishing net) there has been no time left to pen witty banter on a blog. I got post ideas, though and will get to them when I have time. Meanwhile check out these three intraday charts that spell either doom, boom or opportunity depending on your positions:

VIX:
and SPX:
Treasuries (TYU7 Future):JPY
This poor otter was caught on the tracks of the Vega train today:

Don't worry little buddy, the markets will rebound ...just not this week. Once S&P breaks the 1400 floor more stop losses will get triggered (leading to a further Treasury and Yen rally as hedges and carry trades are unwound). More bodies of failed PMs will surface (but we all know Portfolio Managers never die - they just go to hell and regroup [unless the FERC gets all pesty]).