Thursday, September 18, 2008
Blood in the Water
Lehman, Merrill, AIG - Wow! What a week!
I remember thinking just a few weeks ago how tough the economic climate was AND was even quoted in the NY Sun about my perception of where the real estate market was going and how tough it was.
BUT if you were to tell me that those 3 financial giants would be "hammered" so hard that they would either "dead" or unrecognizable then I would've thought you were high.
But the unthinkable happened, the market is fundamentally worse now so where does that leave you, your project and your strategy?
What's Plan B look like or is is C or D?
Where is the smart money going to go?
There is blood in the water and the sharks are circling - what are you going to do now?
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Questions--yes, I do have tons of them when it comes to the financial meltdown. Why did the federal government acted so late in the game? Who benefits from changing the rules of the game on Wall Street? I would love to be a shark these days...
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