All over the world people are asking four magic words: Is this the bottom? The answer from analysts even going back to January 2007 say certainly not — back then predictions suggested 50-60% loss from around a 14,000 DIJA. We’re about half way there despite all the Fed’s recent efforts (with intra-day lows of 11,756.60). If you look closer and pick a giant like Google, there were analysts who predicted it would be at $850 at this time. GOOG trades instead at almost exactly a 50-60% markdown with lows of 412.11.

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After 85 years on the market Bear Stearns is no more. The brokerage was consumed for a mere $2 per share, after being priced at one time for $160 — the buyer JP Morgan. This is perhaps only the first in what will be a series of downturns.

They say don’t believe everything that you read. The most prominent target might be Wikipedia. Well, I think in this case, maybe they nailed it on the head. Say ‘Hello’ to President Businessman. He’s got such a wonderful view on finance and economics. Congressional Baseball investigation anyone?