Hrm…let’s see. Yesterday:
- A French Bank closed 3 subprime hedge funds because there’s not enough liquidity to value them. I don’t know what that means exactly, but it sounds bad.
- The S&P dropped 3% yesterday.
- The subprime mortgage fiasco is turning into a vortex.
I yanked my 401(k) back into a money market. I’m NOT looking forward to a repeat of the bath I took on my Roth in 2001.