Stocks like Schwab (SCHW) and Capital One (COF) are difficult to figure out, too. Schwab has nothing to do with this mess, but maybe trading will slow. People might look at the numbers Capital One put out about defaults, and while they seem pretty darned good, does anyone care? That stock had been on a rampage; probably stops today.

Stocks like Schwab (SCHW) and Capital One (COF) are difficult to figure out, too. Schwab has nothing to do with this mess, but maybe trading will slow. People might look at the numbers Capital One put out about defaults, and while they seem pretty darned good, does anyone care? That stock had been on a rampage; probably stops today.

But how about the stocks on the Nasdaq? The Nazz futures are indicating down huge. Does that make sense? Just because it is happening, does that make sense? Symantec (SYMC), positive article this weekend -- a buy? If the futures take it down, yes. Amgen (AMGN) with new data coming up? Yes. Celgene (CELG), which wouldn't come down last week? Yes.

But how about the stocks on the Nasdaq? The Nazz futures are indicating down huge. Does that make sense? Just because it is happening, does that make sense? Symantec (SYMC), positive article this weekend -- a buy? If the futures take it down, yes. Amgen (AMGN) with new data coming up? Yes. Celgene (CELG), which wouldn't come down last week? Yes.

But how about the stocks on the Nasdaq? The Nazz futures are indicating down huge. Does that make sense? Just because it is happening, does that make sense? Symantec (SYMC), positive article this weekend -- a buy? If the futures take it down, yes. Amgen (AMGN) with new data coming up? Yes. Celgene (CELG), which wouldn't come down last week? Yes.

The derivatives are more powerful than the stocks they encompass -- Nasdaq or S&P futures -- but they are not more powerful than the companies themselves. Genzyme (GENZ), Gilead (GILD), Hologic (HOLX), Starbucks (SBUX), they will all get killed. Is that right? I don't think so.

The derivatives are more powerful than the stocks they encompass -- Nasdaq or S&P futures -- but they are not more powerful than the companies themselves. Genzyme (GENZ), Gilead (GILD), Hologic (HOLX), Starbucks (SBUX), they will all get killed. Is that right? I don't think so.

The derivatives are more powerful than the stocks they encompass -- Nasdaq or S&P futures -- but they are not more powerful than the companies themselves. Genzyme (GENZ), Gilead (GILD), Hologic (HOLX), Starbucks (SBUX), they will all get killed. Is that right? I don't think so.