It's The Second Mouse That Gets The Cheese

Capital preservation remains the key investment theme right now. Multi-billion dollar companies don't just fold their tents daily like they are right now....without more shoes to drop.
The pressure and money involved was too high and the players caught standing when the music stopped will take a long time to sort this mess out. The high net worth investors have high priced lawyers that have just begun their work.

In 2001-2003 Enron and Worldcom cratered the market because of their surprise fraud, it really scared and further froze the markets. Rest assured there will be fraud discovered as the rocks get turned over. Any industry that says they are not in need of regulation, scrutiny and domicile themselves in the Caymans for legal protection are asking for trouble. The commercial banks are in the denial phase further bridging these loans to the sharks....

The horse traders (up 100 down 100 point days) are trying to call a bottom just like they tried to call the top a few weeks ago...Bernake is in the cat bird's seat wanting more pain and clearing of the decks. Remember just few months ago they said the Fed was irrelevant to the global capital markets.

Again, focus on relative strength, demographics, well run companies that are too big to fail and in leadership positions...real money will continue to migrate their way!

Danny Boy seen here is waiting his turn...he is young and a quick study for sure.