It's A Waterboarding Decline for The Stock Market

The very curious Mr. Victor Niederhoffer (In spectacular fashion, he has blown up two multi-million dollar hedge funds.) has some interesting observations on the current financial crisis:

Of the 100 biggest markets around the world, almost all are down 40- 60% in dollar terms with the exceptions' being Tunisia and Botswana...

A new word should enter the market vocabulary, a waterboarding decline, being a decline that seems to have a breath of life at the open before going into a death spiral...

Because of the decline in all sectors, the wealth/price ratio has stayed relatively constant with corn, copper, soybeans, wheat and oil down about to 40- 50% since June 30, thereby keeping the number of bushels and barrels we can buy with one DJI relatively constant, making the number of ounces of gold you can buy with the Dow less than 10 for the first time in a googol, and looking like a bargain for the Dow...

Never give this guy your money, but always listen to what he has to say.