Betting on a bottom in the financial sector is gambling, Jim.

It may be a good bet or a bad bet, but it's a bet all-the-same. Let's not pretend otherwise.

We are in completely unchartered waters here.  We have no idea what the financial services industry will look like in six months. We cannot even be sure what it will look like in six days.

We've got the House Republicans playing political football with the bailout; Henry Paulson trying to appoint himself czar; Wall Street banks begging with one hand and lobbying with the other; and Presidential candidates who refuse to comment on the most pressing financial crisis in eighty years. 

There is a black hole of leadership in this country, and that's frightening.

The only reason there isn't panic on Main Street is that people don't understand the credit markets. The credit markets have stopped functioning. LIBOR spreads, money markets, CDS