If Yesterday Was Black Monday, Will Today Be Blackhole Tuesday?

Puttin'OffTheRitz
GreenspanVille

(written late Monday night.....Tues a.m. Update at bottom)


Well, if the Asian markets are any indication, the answer just might be yes:

All signs point to an ugly day in Asian markets in the wake of Wall Street's worst decline in seven years. Japan's benchmark Nikkei stock market index plummeted 4.6% in early trading, Hong Kong's Hang Seng index fell 6.5%, and Seoul's KOSPI index dropped 6.1%.......


And don't forget, after a midday plateau, every major NAmerican market started to spiral downwards again Monday afternoon.

Is it possible that all those Greenspan 'Puts' are suddenly coming home, all together, to roost?

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Tues morning update......Well, well, well....it looks like AIG is too big to fail, not to mention the fact that is one of the big backers of all that bad paper that started the doomsday ball rolling....And as for making the greedheads pay for the way they've screwed everybody over? Well, "that's not change we can believe in"....Of course, what it really means is that the water carriers have just doubled-down and a whole new flock o'puts are likely sure to follow.... Which means, I guess, that richflation will live to see another brand new day!

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