Seeing as how everyone feels financials will see tough times tomorrow I think I'll go the other way. The Fed is showing resolve to keep the financial system afloat. The Fed has the guns to see the sub-prime problems to its conclusion. Bear Stearns has been dealt with. 1/4 point reduction in discount rate will be followed by additional. They won't let the system fall apart. If need be other central banks will quickly join the fight.

Regards

Joltin