Market conditions are punishing us and perhaps others will find this simplified explanation of why some of the panic is being seen in US Market.

The big guys were acting on their own behalf as 'bookies' at the race track. They take your bet and then lay it off so no matter what happens they earn a slice of the bet win or lose. Now that's fine as long as all the different parties to the bet settle up after the race.

Now we find out that one of the parties to hundreds of thousands of bets is bankrupt and may or may not settle. Panic time for all the other parties.

We may be way undervalued but our problems are tiny and upside huge compared to the blood spilled on wall street.