Credit Tsunami

Mr. Greenspan said he is in 'shock' at the failure of the credit markets and that he sees this as once-in-a-lifetime tsunami.  The free market scenario did not work according to what he believed to be the path.  Look at the reverberations of the world markets as ours whip up and down by the hour, hundreds of points at a time, with no consistent pattern.  We are definitely being shown how small this world is and how intricately connected we are.  I feel we are in a world nuclear storm and no one knows the way nor what the outcome will be.

Unfortunately, there is so much emotionalism and high panic levels that more sellers are in force than buyers.  I agree it is difficult to refrain from following the 'herd,' but if you can look out beyond the immediate to a year or two from now, there will be more visibility and I believe a turnaround.  

As you know I was opposed and still am to the $700B bailout plan.  I'm seeing daily how the federal reserve is socializing company losses, like the recent Bear Stearns loss, and guaranteeing debt holders of Fannie and Freddie.  This is going to expand to a level far beyond what has been currently funded.   

My primary sector of interest is the solar/alternative energy.  That groups has been hit harder than the financial sector, dropping as a group more than 30%.  Solid stocks like ENER, ESLR, FSLR, LDK, STP, SOL, SOLF, SPWRA, TSL, and WFR have touched below their 52 week lows.  What is happening is irrational and nonsensical given that I believe this group to be the next prime investment opportunity as the world seeks to find alternatives to oil.   

Use your current financial status to review your world and what is important.  Prioritize those things and act accordingly.  Know that whatever crosses your path is there for a reason.   Seek to understand the purpose of the experience and use it for your spiritual growth.  All lessons in the material are reflections to help us see inside ourselves more clearly and make changes that better our lives.