A look at the brighter side of life!
Well, Lehman’s is going Chapter 11, Merrill Lynch was lucky enough to get bought by BofA. Oh, not to forget that Morgan and Goldman are looking at a potential meltdown as well, in desperate need to shore up stable deposits. Oh, right, and AIG looking down the barrel as well.
Well, the good news is, that we’re in the middle of the mess finally. It’s taken it’s time to get around to it, the mess that is. It’s little consolation to the thousands of people who can expect pink slips in the next few weeks, but we are finally here.
How is that the bright side? Well once this finalizes and a few more banks fail or get bought for pennies on the dollar, then and only then can we breath easier. For that my friends will mean that we’re on our way to a true recovery. Not one bolstered and touted by the Fed as the bottom, but the real bottom means there is only one way to go and that will finally be UP!
…And if anyone was smart enough to keep some cold hard cash on hand, they can ride the rising tide with a few smart plays.
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