Armageddon Has Arrived ...

Finally, Lehman will file bankruptcy, or at least it looks like this way.

Greenspan said more firms will fails, the crisis is once in a century. He should get some credit for this crisis.

AIG, the biggest insurer is in trouble, that means most of the retiree, who has annuity they are in trouble.

The rating agency in trouble, so no one know what is the value of Bond.

Merill Lynch cannot survived by its own, they are in talk to merge with Bank of America.

Wamu is next one, if need bailout it need 24B tax payer money.


So what will happen tomorrow ? a) Market will down 5%, black monday, b) Fed will reduce 1 point, c) Market will close in memory of Lehman :-


....will know more later.