the thing that worries me most is that 1month and 3month LIBOR remains horrifically high.

i think the bush admin. know this and are scared to death because they know that all this cash injected into the bank is not yet working. if nothing major happens in 2-3 weeks and this stagnation keeps going on, we can probably expect a long recession like that in japan, and with >10% unemployment. if we see deflation, everyone is going to be screwed.

i think it is still not too late to get your 401k out at this moment.