I am fairly certain what Edward meant is that the 300 points or so (at the time of his posting) was less than what a lot of people expected. I think this was because they had the deritivies market open on sunday (I believe for the first time ever) so some of the risk of the events of Sunday could be absorbed before Monday.

I look at it this way, the big boys are getting clobbered and they have resources and information that we don't

'When elephants dance, the mice get trampled'

>>>More to come...
>>
>>Not a bad deal for MER holders, by the way. So far, today's trading is encouraging enough.
>
>I must misunderstand. You can't mean you find a 500 point drop encouraging (biggest one day selloff since 9/11).
>
>Well, unless you shorted all your stocks ;-)