Don’t relax yet. Hard to tell which is worse. Bailout works. Bailout doesn’t work.

Posted on Sep 27, 2008 by in Letters

Anytime you have daily ranges in the Dow of near 3% or greater you have trouble brewing -- if not already brewed.  We are living the Chinese curse:  may you live in interesting times.  While Wall Street burns George Bush and his cronies fiddle with a plan to keep the Titanic from sinking.  Unfortunately they are like the band and haven't noticed that the stern is already underwater.  Where are the lifeboats?  Hard assets.

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