How Ugly Does it Get?

[adios]

No relief in sight for the financials, a lot of them getting slaughtered. COF off 10% or so, FNM off a similar amount. Stories about investigations of government lenders:

NY State Probe of Mortgage Conflicts Hits Fannie Mae, Freddie Mac

Stories about a credit "contagion"

ALL BUSINESS: Credit "Contagion" Spreads

GM having a $39 billion loss in the quarter, although it was basically due to a non cash charge:

GM Loses $39B in 3Q, Shares Fall

Oil at over $90 a barrel can't be good for economic growth I would think but could be convinced otherwise:

Oil Prices' Climb Toward $100 Slowed

Oh yeah and the U.S. peso getting pummeled again:

Stocks Fall Sharply As Dollar Stumbles

Usually when people are so one sided on a trade I start wondering about getting in going the other way but I'll admit I don't have the stones to go against the trend of the dollar at this point.


I guess the wall of worry is high enough now.

[CrushinFelt]

Great... you made a thread that looks the same as CNBC and/or Bloomberg's homepage.