Thoughts Aloud

Archive for October 6th, 2008

This could be it folks.  So much for the vaunted bailout our befuddled politicians were so proud of Friday; it didn’t work, even on Friday.  Now it is (Black?) Monday:

Asian Market Indices

European Market Indices

Expect ours to tank again on opening.

Hot tip:  Go long on wheelbarrows and short on wallets and purses.  The FED has only one tool left: Treasury printing presses.  Expect an emergency cut in Prime to or near 0%… they will be giving the stuff away and begging us to go spend it, so everyone may soon need a wheelbarrow. ◄Dave►