What a mess, but what an opportunity. Another piece of the iceberg, shows it ugly head. For those that were talking about financials hitting a bottom, a month ago or so, the big BEAR (BSC), shows us we are far from the bottom.
This is bad for the Fed, bad for the dollar, but good for commodities, such as OIL. Sure looks like the $200 billion dollar credit infusion didn't stop the bleeding, with the DOW down near 200 points, as we speak.
People are flooding to commodities as they run for safety. The FED is lost even in the face of lowering rates to the anticipated 2%.
What a time for a little OIL company Jr., to get its act together, have a coming out party, and show itself as a viable entity with substances and integrity.
Boy could one get some momentum to increase its PPS and valuation, which would aid in expanding operations and reserves immediately, before the price of oil/reserves gets out of hand.
Where are you CB?
