Thursday, October 09, 2008


TED @ a shocking 4.23%

Stocks down 40% from the peak.

1974 saw stocks down 43%

If you invested in the Dow Jones in May, 1998 - your money is worth the same today.

The only good news, is that the bail out bill sounds like it might be able to be enacted in the Swedish model (Now UK model too) of buying preferred shares of banks to recapitalize them. Lets hope that reports are true.

Dramatic, historic, and frightening times.

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