Monday, March 17, 2008
Oh how I would love to own a bar on the south end of Manhattan tomorrow
A graphic projection from Elliot Wave (requires subscription).
Bernanke cuts the interest rate to .25% on a Sunday night.
Bear Stearns is acquired by JP Morgan for $2/share on a Sunday night.
Gas tops five dollars in Cali over the weekend.
May be time to stock up on the canned goods. Hurricane season is a couple months away anyway, so why not?
If there is a run on one of these investment banks, the rest will fall like dominoes. I guess the good news is that most of us are more heavily sedated than we were back in 29. Let's hope the Paxil doesn't run out.