What a wonderful day in the market today. Anyone here follow the markets


Lehman Brothers files bankruptcy
Bank of America buys Merrill Lynch
AIG needs to raise $75 billion to stay liquid
Oil at $95/barrelAfter Market Announcements

S&P just downgraded AIG to A-2 rating
AIG needs another $20 to cover their CDS on CDO Contracts
NIKKEI opened up 600 pts down
WAMU downgraded to BBB- Junk status
WATCH ALL SHIT HIT THE FAN TOMORROW MORNING WHEN THE MARKETS OPEN BECAUSE OF AIG's DOWNGRADED RATING AND MAY HAVE TO FILE BANKRUPTCY

At least the government didn't step in and bail these companies out. This type of stuff needs to happen in order for the market to stabalize itself, without exponential inflation.

As they say...
Letting the market correct itself unrestricted is always the worst option, besides everything else. :)

At least the government didn't step in and bail these companies out. This type of stuff needs to happen in order for the market to stabalize itself, without exponential inflation.

As they say...
Letting the market correct itself unrestricted is always the worst option, besides everything else. :)

Not so fast... rumor has it the government is going to help AIG as well.

http://www.thestreet.com/_yahoo/newsanalysis/on-the-brink/10437414.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA

Not so fast... rumor has it the government is going to help AIG as well.

http://www.thestreet.com/_yahoo/newsanalysis/on-the-brink/10437414.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA

I just read the govt is bailing out the 'toxic' mortgage bonds.

I feel like dropping a car battery on my sack. :cursing:cursing