| There are some companies with a decent balance sheet that are being punished along with the many that are exposed to risk. Somewhere along the way bargain hunters will make a killing. I'm waiting to see what shakes ou't with Bank of America. As far as sub prime goes they supposedly liquidated any positions they had that might put them at risk some time back. However their credit division could still suffer from exposure just because alot of consumers used credit cards to help get through some of the crisis they incurred by having sub prime mortgages through other lenders.
Sure would be nice to see the US show some strength. All the talking heads were stating that the world economy was not as dependent on the US as in the past. From my vantage point the evedence suggests otherwise.
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whizknock |