Midday thoughts…

Down as much as 396, Dow currently down 235.

I’m still trying to dissect why the market disliked the AIG bridge loan so much.

I can’t help but feel like we’re going to see some more recovery throughout the course of the day and possibly the rest of the week. There has to be a point where the continued selling doesn’t make sense anymore and the buyers will come in. (Personally, I think we’re there now, but it would seem that The Establishment doesn’t agree with me. They never call and ask my opinion!)