More Doom and Gloom. Prepare Yourself For Dow 5,000

Prepare Yourself For Dow 5,000
Michael E. Lewitt, Hegemony Capital, 11.13.08, 05:10 PM EST
The collapse in stocks over the past month has been spectacular, but the market could get cut in half.
The road map to hell was etched in the pitch books born by investment bankers on private jets across the ocean to Europe, the Middle East and Asia. Inside those shiny tomes, algorithms and computations purported to illustrate the magical powers of securitization, over-collateralization and correlation. Read more from Forbes...