Ugly Start to the Day....

Markets have opened up pretty ugly this morning (DJIA down over 150pts) as both Europe and Asia were down overnight on bank sector concerns. The Times, a British newspaper, reported that the IMF was about to release a forecast that toxic debt in the bank/insurance sector could reach $4Tr which has spooked the market. I think that folks are also a little bit spooked about Alcoa which is going to report terrible earnings. My portfolio, as a result, has taken a hit - although my suspicion is that over the day, it will recover, as I still think investors are more optimistic than pessimistic. 2 months ago, they would have cratered... We'll see...


Since April 6:

• Today's Gain/Loss: - $1,291
• Total Gain/Loss: - $615