Friday, October 24, 2008

Market Woes

Currently, the market is focused on punishing everything not explicitly bailed out by the government. So specs will hammer all stocks/asset classes/governments/etc. until the government takes a slice or allows to fail. Insurance companies are set to be bailed out, so hedge funds and governments are on target right now. If we don't hear something on Sunday afternoon, it might get ugly Monday morning with fear, shutdowns and default rumors swirling.