Tuesday, January 29, 2008

Financials Worse Nightmare

Many of you probably have seen this over at http://bigpicture.typepad.com/ but I was so incredulous I had to post on it in case someone missed it. http://www.youwalkaway.com/ is a sign of the times. Financials have had a huge rally of the past couple of weeks and they may rally for the next week or two depending on what the FED does but this has the potential to add yet another round of pain. This was never thought possible by the Wall St penguins. It is amazing how logical and rational it is for people to be walking away now when they didn't put in any equity down in the first place.




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