>Things are looking decidedly iffy over here on the FTSE100.
>
>Be interesting to see how the US market fares today.
>

The Dow didn't do so badly but the dollar got hammered, again. Which is another measure of confidence in the U.S. economy.

I was stunned by the Bear Stearns news yesterday. Not only that such a big name company was bought out but that it was such a fire sale -- two bucks a share when their stock was trading at around 30. And everything I have been reading predicts we are closer to the beginning of the subprime mortgage crisis than the end.