Robert C. alerted us to “a real life synopsis of what happened post-Hurricane Katrina [1] from folks who witnessed it.”
o o o
Where will the Dow bottom? This was recently posted at The Trader Blog: The Good, The Bad & The Ugly – Three Scenarios For The Stock Market [2]
o o o
We warned you about the precipitous drop in overseas shipping long before the mainstream media picked up on it: Investors shun Greek debt as shipping crisis deepens [3]. The article begins: “Freight rates for shipping are crashing at the fastest pace ever recorded as banks shut off credit lines to the industry, precipitating a sudden crunch in world trade.”
o o o
Sol G. sent us a link to an October article in Business Week that we had overlooked: Lehman: One Big Derivatives Mess [4]. The full extent and end results of the Lehman derivatives fiasco probably won’t be known for several more fiscal quarters.