I've heard that hedge funds are getting battered and are going to be hit with a flood of redemptions. Given how leveraged they are that's a big problem.
GS is not immune and there is still some left to be seen how bad they will end up, even with Buffet's backing. JPM, WFC and BAC (somewhat) are the winners - and for most part that "win" is already priced-in in their stock price.
Kia wins. Spoiler <object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/psJN2B-eEv4&hl=en&fs=1"></param><param name="allowFullScreen" value="true"></param><embed src="http://www.youtube.com/v/psJN2B-eEv4&hl=en&fs=1" type="application/x-shockwave-flash" allowfullscreen="true" width="425" height="344"></embed></object>
Dollar was doing GREAT as world currencies tumbled on global recessionary fears. But the Fed just went ahead and did a huge $300+billion currency swap, and to make matters worse, the fed futures market is practically assuming a 50 basis points cut now. They're flooding the world with dollars now...which is good from a long term strategic point of view but will also give some inflationary pressures locally.
Even with the Fed increase of fund availability, the M3 contracted $.5 Trillion yesterday. And Europe's bailing out their banks.
