Valuist
09-14-2008, 11:51 PM
A 300 point drop in the Dow would be logical. But one of these brilliant talking heads will declare that the financial crisis is all over and we go straight up from here (I seem to recall hearing that 6 months ago when Bear Stearns was going down). Cramer has already said on his Real Money site that if AIG and WaMu are taken care of, "we avert a crisis". I guess everything has been wonderful in the financials, Jim. No crisis at all. Tell that to the shareholders of BSC, LEH, FNM, FRE, AIG. WM and others.