[cbloom]

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I think the reason a lot of the big names unrelated to the credit crunch are dropping is because hedgies are selling the big liquid names to raise money for redemptions.

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Yeah, this is my feeling; the big consumer goods companies and such shouldn't really be hurt by tight credit too much, most of them have tons of cash on hand, they're just falling because the hedges and the panicked market timers are selling out of everything. Of course if there actually is a recession it's bad for any kind of optional/luxury companies, but companies that continue to do well in recessions like necessary staples would be my bets. I guess I'm gonna move some money next week.