When things crumble, they can crumble very quickly.
J.P. Morgan is buying Bear Stearns for less than the price of its building, the Fed cut the interest rate - as though THAT will help - and the dollar dropped to records lows, oil shot to record highs, and last night in Europe and Asia, they all sold off like crazy.
As Atrios would say, "WHEEEEEEEEEEEEEEEEE!"
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