Friday Outlook: Who Let the Dogs Out?

Batman [Paulson] & Robin [Bernanke]

Batman: "It's time to get set, Robin. It's almost oda wabba simba."
Robin: "It's almost what?"
Batman: "Oda wabba simba. Six o'clock in our nomenclature. In the 14th dynasty, the hour of the hyena. The time when ancient Egyptian supercriminals invariably struck!"
Robin: "Gosh, Batman, is there anything you don't know?"
Batman: "Oh yes, Robin. Several things, in fact."

'Who let the dogs out? ' and, 'what’s coming next?' might be the questions of the day for the Dynamic Duo.

Trust and confidence are kaput.

Worries persist over the number of CDS [Credit Default Swap] issues coming due and the ability of these to settle-up satisfactorily.

If you think I know anything beyond what I see on the tape, you’d be wrong.

On Tuesday, I noted it was “death by a thousand cuts slices.” Yesterday as my Novocain was wearing off, it’s “by the seventh day, we crashed,” with major market averages down over 20% cumulatively.

High volume and negative breadth were as impressive as you might expect.



The TED spread continues to reflect frozen credit.

Go to page 2 - Commodities, Emerging Markets >>

Comment on this article >>