Sky is falling

How much I like this sentence...I am planning to start a new series of posts on this "title"...generally giving commentary about the ongoing credit crisis...and about how the sky is falling :)

I was just talking to an analyst friend of mine about the crisis "situation"....He covers the entire gamut of investment banks (including bears stearns )and came up with very good insights on the current scenario.

Overall ...seems like the situation seems to be far from over (despite the bears stearns incident)..Big banks such as DB and Citigroup are getting ready for making their next round of write-downs this quarter...amounting to bilions of course this would cause severe repercussions and volatility in the market...

NYTIMES has a good article about the current scenario...

All said...I am getting ready for significant bottom fishing by the next two months