NOOSE TIGHTENS?

NEW YORK (AP) -- Bear Stearns Cos. confirmed Friday it will bail out one of its troubled hedge funds with $3.2 billion in secured loans, but the Wall Street firm sought to convince the broader market its troubles are "relatively contained."

Bear said it stepped in to save the Bear Stearns High-Grade Structured Credit Fund because market uncertainty made it "difficult" to unwind the fund's assets -- mostly securities backed by risky mortgage loans.

Blackstone went public today, is this the height of GREED? CEO'S value near $7B ! nice payday, the rich get MUCH RICHER the rest get much more in debt.

This country is bankrupt with NO way to pay off debt nor pay for promissed benefits.

WE are into Chinese for $1.4 Trillion, and that comes with interest!!! They put $3B in Blackstone pre IPO ! Does this event mark watershed?

Most indexes challenging their 50 EMA (moving averages), UTILITY AVG broke down to new low for move. ALL indexes seem to be moving together to the downside.

This decline MAY HAVE TEETH, not saying one last run to new highs not possible.

Interest rates broek a trendline from 1981 !!! many think BOND BULL IS DEAD. How do stocks normally react in a rising interest rate environment?

I am IN CASH awaiting bargains, watching gold for possible breakout.....or breakdown.

Down market closing on lows with BX IPO today, not good IMHO!

D