[imawit]

more alarming for the Fed than a plunging stock market is a plunging bond market.

Did anyone watch the dollar devalue against the Euro ?

If you had billions, where would you put it ?

Japanese treasuries 0%

US treasuries 1.25%

EU treasuries 3.25%

Don't forget the balance of payments needing foreign dollars to come into treasuries and equities in the US.

[rohry]

"If you had billions, where would you put it ?"

I posted several months ago that Bill Gross of PIMCO had moved most of his money to German bonds...

Unfortunately, I don't have that choice in my 401-k...