Some thoughts from Bloomberg’s Richard Breslow, author of “trader’s notes” on what is going through panicked traders’ heads, who writes that “well before any markets open, the minds of traders are racing furiously. What do I do with my positions? Arguments can be made for most outcomes, and commentary will follow price action, not the other way around.” Yes, because chasing momentum up for 7 years obivious of reality and ignorant of a $22 trillion central bank balance sheet led the “deer in headlights” to profitable utopiua.