Friday, August 10, 2007

Buy a put?

The financial and housing markets continue to get uglier. Nouriel Roubini's blog has a good summary of the situation. Worse than LTCM: Not Just a Liquidity Crisis; Rather a Credit Crisis and Crunch. I won't quote it.

The markets opened over one percent lower this morning.

Of course, economists and economy watchers predicted this state of affairs several years ago. It is errie though to watch the financial markets unravel even though I knew it was coming.

CNBC and other financial news sources are, once again, the most interesting shows.

Maybe, it is time to buy some puts on the market just in case.

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