fridays foibles, page-83

I am wondering whether the Fed/Treasury plan will be good enough to sort out the markets just by announcing it rather than actually enacting it. So long as Congress make serious moves towards it, it may just work. If the mortgage securities markets pick up in the next week it will save the financials from making another round of write-downs which could be psychologically devastating to the market. They are currently hanging in the balance after a recover stalled due to Lehman's bankruptcy. Last night was another tick up.

These are certainly interesting times...