Here's a really interesting analysis of current events:

http://bonddad.blogspot.com/2008/03/on-bear-stearns-situation.html



>>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.