I haven’t posted anything in while. My schedule has been hectic with the day job along with other critical time-sensitive projects I’m working on. Wow, since my last post the Dow has broken through 14,000 and has since given back almost 6% of that. So what is it this time – Oil, Subprime? Well using oil to crash the market has become played out. Subprime is now the sexy buzzword when you want to knock 200-300 points off the Dow.

Don’t get me wrong, I acknowledge Subprime as a big problem. But the behavior of the market mercilessly punishing companies with strong balance sheets and no exposure to that crap is indicative of a growing fear. Even Bear Sterns CFO throws in his 2c saying this is WORSE than the Internet Bubble and ’87 crash. I don’t know where he has been, but the recent market rise has not been as maniacal as the ramp back then. The Naz had dropped from 5100 to 1100. That’s a 78% drop! We are barely a little more than twice that bottom, but applying the same logic to the present value…sounds pretty ugly.

I do believe we may fall more if the Fed does no act or address that there is a problem in the mortgage markets, but I don’t believe it is the end of the world as we know it (barring Nuclear War or another terrorist attack on US soil). Anyway, this coming week should be quite interesting. Keep your crash helmet handy.

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