The computer problems prompted a round of panic selling that forced values to plunge.
With this said, no such panic selling of U.S. Treasuries has occurred as I write this post.
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The move was expected and has triggered panic selling among both buyers and sellers, the paper reported recently.
In both cases, we had a bubble peak and a period of panic selling followed by a rapid rebound.
It does appear that there is a fair amount of panic selling occurring.
Several market watchers said just as there is panic selling pushing down stock prices, panic buying is lifting gold prices.
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Those who got caught up in the panic selling early in the month and dumped stocks may now be having regrets.
There has been no single fundamental catalyst for the panic selling in the gold and silver markets the past two trading sessions.
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"It's really just a crisis of confidence and panic selling, " Rueckert said.
This week, as banks and other big investors were panic selling, his customers were taking advantage of the price dip to buy more.
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Both are short-sellers whose specialty is exposing U.S.-listed Chinese stocks with shaky accounts, triggering a bout of panic selling from which shorts can profit.
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Many investors have avoided munis since late 2010 and early 2011, after dire predictions of mass defaults by municipalities and states led to panic selling.
Now that the panic selling is over, many investors have been tempted to get back into the trusts, since dividend yields have spiked to enticingly high levels.
Before the open, major stock futures in the U.S. were halted after panic selling gripped investors in the wake of Japan's Nikkei stock index falling a dramatic 9.6%.
Look for more liquidation next week since the Comex inexplicably raised the margins on gold and silver for the third time today in the midst of panic selling.
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The lows associated with the panic selling in August 2007 made for an important level to watch, and the Transports violated those August lows on November 7, point 2.
Strong companies traded at a steep discount after the panic selling of the two years prior, and those who were greedy when others were fearful have enjoyed tremendous returns.
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This is known as a bullish divergence, and suggests that even though there were signs of panic selling last week, it was not as heavy as it was in August.
History proves that the current meltdown is not a first, and those who avoid panic selling now should be rewarded with better exit points as recovery unfolds in the months ahead.
Krensavage saw as overblown the panic selling of Merck (nyse: MRK - news - people ) in September 2004 when it came out that Vioxx increased heart attack risk.
The panic selling suggests at least a temporary rebound in Japanese stocks as bold bulls jump into the fray and more likely a sustained one if the source of the panic is contained and deemed surmountable.
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Stockholders realizing that they would be wiped out if the companies went into bankruptcy, or got taken over by the government, started panic selling, even when they knew the underlying business of the company was still viable.
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This meant that when panic selling by some troubled institutions to raise capital drove the value of mortgage related securities to virtually zero, all institutions had to change their books to reflect this minimal market value of the securities.
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He has not used his newfound authority to hack at the root of the current panic, the regulatory mandate to mark these assets down to panic prices, even on the balance sheets of those companies who are not engaged in panic selling.
Technically the purchase of bonds is not a substitute for fiscal policy, it is a liquidity provision for purchasers of the sovereign debt and an act of faith that the governments will pull through when fear induced panic selling arises.
The good news for bulls is that in the event of a pullback, we would not expect a decline to be exacerbated by panic selling, since those that have recently accumulated stocks have purchased index or exchange-traded fund (ETF) puts, or VIX calls, as insurance against a correction .
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Fears of a European sovereign debt default and contagion have led to indiscriminate panic-selling.
Markets in Europe and the U.S. that seemed to top out in mid-February, plunged further in almost panic-like selling in reaction to the disaster in Japan.
However, crude oil prices went into a free fall and the U.S. dollar index soared, which ultimately led to panic-type selling in most markets, including gold and silver.
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