One word: Panic.  In the constant competition for headlines, page views, and unique visitors, the media's coverage of Wall Street's mess today made everything worse.  People are freaked out.  CNBC's latest headline of 'Worst Day For Markets Since 9/11' just adds fuel to the fire.

American International Group, Inc. (NYSE:AIG) is the next big boy to fall, shares are down 62% today.  Lehman is done, and the only play is the opposite, that's right, if U.S. Financials Dow Jones Index is Superman, than Bizarro is the UltraShort Financials ProShares (AMEX:SKF).  These days, it's a Bizarro World.

Everything is in the red today, and after Electronic Arts walked away from their $25 per share bid to buy Take-Two Interactive (NASDAQ:TTWO) yesterday, TTWO shares are back down to the $16 level.  Let's not forget these are the guys that are behind GTA and BioShock.

Lehman (LEH) meetings will continue today and thanks to hurricane Ike we return to $4 gas.  Two fun events that should make for another flip-floppy week on Wall Street. 

By now you've heard, by Sunday 7 PM, we'll know if Lehman Brothers Holdings Inc. (NYSE:LEH) will be opening for business Monday morning. Here we go again.

Last Friday the Masters talked up Remember Potash Corp. (POT), the Perfect Stock when it was at $150 a share, today its back above $160.  The whole Potash sector is ready for a comeback, and the buyers are loving the potash stocks today like Tyrone Biggums' desire for crack.  Let's review the players.

Evergreen Solar, Inc. (NASDAQ:ESLR) is looking like a prime Value Play at current levels. Evergreen shares have been cut in half since late June and hitting new 52-week lows all week.  At a time like this, their catch phrase really means something - Think Beyond. 

Carolyn Said at SFGate.com takes on the question of 'what if WaMu fails?'  Washington Mutual (NYSE:WM) shares hit $1.75 this morning, its beyond rediculous.

Via the SFGate.com

Yet another fun day on the Market. Now you can get this, or you can get with that. I think you'll get with this yes, for this is kinda fat. If you get with that, then you will surly miss, Because that is so wack, I think you'll get with this - the SKF or FXP.

Now that American's own Fannie and Freddie, more than 1/2 of all U.S. mortgages are property of Uncle Sam.  How can this be good? Better yet, Russia holds about $75 billion of Fannie and Freddie securities, Luxemburg and Belgium hold $39 billion and $33 billion respectively. British investors hold about $28 billion of securities in the nearly doomed duo. Isn't anyone worried?