Well, at least oil is down $5. The underpinnings of the financial system are imploding this morning as Asia has to sit on its hands and just watch, as they are closed for a holiday.
I’m sure WM and AIG will be the next names in focus this morning. If AIG gets a credit downgrade this morning it should add fuel to an already burning building.
I will try to be back before the open. Good luck today. We needed this to happen and we would never have been able to move forward without it happening.