Monday, October 6, 2008

The Butterfly

I have been quiet lately because of the enormous happenings happening ( :) ) on Wall Street and Main Street. All I can say is WOW, what a month September was. I can't find words or explanations for any of it but I do have my opinions. Remember this is a credit crisis and NOT a stock problem. Forget about the DOW and focus on the LIBOR rate, overnight lending rates, swap spreads, etc. Find a interest rate running commentary here. Once these levels get back to "normal" stocks will follow.

Why "The Butterfly" for a title? I saw one today. That's it.

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