September song

Oh, it's a long, long while from May to December
But the days grow short when you reach September

-- Frank Sinatra

OK, you've sold in May, what then?

If you're Old Blue Eyes, you'll come back in December. Though shorting was banned in September, it has been a hellova month on the markets, according to this MarketWatch timeline:

7th Fannie and Freddie nationalized

14th Merrill Lynch surrenders to Bank of America

15th Lehman Bros. files for bankruptcy

16th AIG "rescued"

19th Paulson's 3 page "stabilization" plan proposed (yet another)

23rd The last 2 of the big 5 Investment Banks, Golden Sachs and Morgan Stanley, convert to Commercial Banks, and Raymond James announces like plans 2 days later

26th Washington Mutual collapses in largest US bank failure (to date)

29th Citigroup and Wachovia merge in a marriage of inconvenience

29th House of Representatives bails on Bail Out plan

It's the Halloween month and it's still a long, long while to December.

Guambat's blue eyes are crying in the pain.


Vail
//