Robert C. alerted us to "a real life synopsis of what happened post-Hurricane Katrina from folks who witnessed it."
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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
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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. 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."
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Sol G. sent us a link to an October article in Business Week that
we had overlooked:
Lehman:
One Big Derivatives Mess. The full extent and end results of the Lehman
derivatives fiasco probably won't be known for several more fiscal quarters.
