Is It Getting Really, Really, Ugly?

Karl has let his blood-pressure govern some of his essays, but you ought to pay a little attention--just to say that 'Yah, I heard about it' if it happens....

So you think Morgan Stanley diving 8% today is bad eh?

Don't look at Bank of America, down 8.5%

.

Or Citibank, down 9.5% (and don't forget they reverse-split, so this is really a stock price just over $2)

Yeah.

...the news is that a new credit lock-up is imminent

That would be really, really, ugly.  If it happens.

Have a little extra cash sitting around the house, just in case.  You can always put it back in the bank, or under the mattress, or in the laundry-hamper, if nothing occurs.