Triage

Warnings today that one or more of the large hedge funds have failed is keeping the lid on the market thus far. Gun shy Friday may also be a factor. The trader's prayer, ' thank God for the things I don't own ', is being recited often these days. As the Fed firetrucks start arriving the debate will be what is to be saved and what is to be marked ' do not resucitate '. The behind the scene boys are very busy right now.