SPDBRNR – Eyes Wide Open
Sports, Politics, Financial Markets, Silver & More

And the Dominos Continue to Fall…

This mess actually started in February 2007 – when the Bear Stearns (1st domino) MBS funds reported trouble.  I remember telling my buddy in early March back then that this was it, the sh*t has started to hit the fan, sell your stocks.  Yet in October 2007 the  S & P 500 was making new highs, completely baffling me. 

As scary as it may be to believe, the last domino in this chain will be the United States, as our debt situation is barely better than any of the ‘PIIGS’ we’ve been reading about so much lately, especially if you consider the unfunded Social Security and Medicare liabilities.

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