FINANCIAL MELTDOWN

http://www.rgemonitor.com/blog/roubini MUST READ TO INFORM

The first quarter that the credit crunch should directly hit The CEO of accounting firm PricewaterhouseCoopers expects more non-financial U.S. companies to report write-downs linked to the credit crisis, showing the problem has the potential to infect a wide swath of corporate America.‘It's not just in banks,' CEO Samuel DiPiazza told reporters late on Tuesday. ‘These securities sit in cash equivalent accounts of industrials; they sit in investment portfolios of pensions.'‘We are having to deal with this with thousands of companies, not just a handful of big banks,' he said, and added that a ‘first wave' of write-downs was likely in the current audit cycle this quarter.Last month Bristol-Myers Squibb Co became among the first companies outside the financial sector to disclose its exposure to the world-wide credit crisis. Over the last few months, other non-financial companies such as networking-equipment maker Ciena Corp and software company Lawson Software Inc have also reported write-downs related to the credit crunch and the housing sector meltdown.

**BEING INFORMED MIGHT SAVE YOUR ASS!

my email to friends on Cramer this AM

Yeah, and this AM they trot out that idiot CRAMER......who each time he speaks sounds less credable and more carnival like.....CNBC is w/o any merit except amusement....surely they wont have Roubini on again!!

Yeah, how do they WARN their liseners to mover thier assets into a TREASURY MM as even reg MM's can fail?? so it makes you think what good is ANY TIP they give on flip side when all know at same time? is why they always PUKE afterwards.

WHy arent they asking that carnival barker why all his picks have lost fortunes for his lemmings? where did all the BOOYAH'S GO??

WHY did RR say we have great worldwide global boom coming at peak of mkt?
did you see the execution of NYX NMX and CME last night!!!!

WILL losses overseas cause liquidation of US assets?

ANOTHER inter-meeting cut? SPELLS? PANIC AT FED LOSS OF CRED?

WHY doesnt BB see a bear mkt? WHY DID MOST GURU'S underestimate the credit crisis?

I can hear that ahole downstairs...Ill shut him off, go in basemnt and play some blues! GREATEST story never told? was the liars den of thieves.... CSCSO WARNING SOBERING coming from the biggest tech smiler in bunch.. and it appears the few of us, avg Joe's are amng an elite group of mkt tech's that did not fall asleep at the wheel..

I have ALL my assets in a TREASURY MM for protection...but hey that's just me.

TURN OFF CNBC and start thinking for yourselves!

D