Another rough ride today

[sweeps]

"It's a return to pure capitalism, the survival of the fittest -- the government can't and won't bail everybody out," said Justin Urquhart Stewart, investment director at 7 Investment Management in London.

"This shows the U.S. government is saying 'enough' after saving other institutions and that they see Lehman as a private affair. I think today and tomorrow there will be a panic on the markets," said Marie-Pierre Pillon, head of equity and credit research at Groupama Asset Management in Paris.


Markets in turmoil by Lehman failure and Merrill sale - Yahoo! News

[Broken Arrow]

Oh yes, lots of chatter even yesterday. Right now, every sector is running red....

[Ima saver]

It is an historical day for sure!!

[kork13]

For sure.... probably the only reason I'm not really nervous about everything is for how young I am, and the understanding that I'll prolly see this go up and down like this at least 5 or 6 more times in my lifetime... Oh well, such is the way of our economy...

[pfblueprint]

Wednesday looked a lot like Monday...

[Broken Arrow]

Ya, but I contend that it was expected seeing as how more shoes were expect to drop but didn't on Monday.

Although I could be wrong, I think that's all the major players that were expected to fall. More banks may fall, but I think they are going to be smaller ones. So, hopefully, we are seeing the end of the worst of this debacle.