A thought

I was thinking last night and thought about how the markets have changed. How the dynamics have changed this last year. The largest investment banks are gone. Goldman Sacs is gone...now a regular bank. Lehman Bros. is gone...bankrupt. Morgan Stanley is gone....now a bank. Merrill Lynch is gone...if it hadn't been bought out at a couple dollars a share it too would have been bankrupt. Wachovia is gone..if it hadn't been bought out for a couple dollars a share it would have been bankrupt. Citibank Bank got rid of Smith Barney or it would have been bankrupt..it still may go under. AIG....forget them. And the one that started it all...Bear Stearns...gone and bankrupt and taken over.

Absolutely amazing...how the landscape has changed. How the world has changed. All this started because of the subprime loans and leveraging and derivatives. In a nutshell I guess.

And the most amazing thing? We're still in a fucking war and everyone seems to have forgotten about that.

Maybe more about the portfolio tomorrow.