More Thoughts! Market Turmoil Part II

It is late Tuesday night and rather than sleeping I thought I would take the time to share with you some of my own reactions to the market volatility that we are all observing.

It is not reassuring to me that the market can drop almost 800 points one day and then recover 500 the next.  I shall need some Dramamine for this motion sickness soon.  Hang on, the ride isn't over!

I haven't read the 100 pages of the bail-out or "rescue" suggested by the Paulson/Bush plan and amended by our legislators.  What I do believe is that the free-wheeling days of hedge funds and derivatives is long over.  And it is about time.

I also believe that the philosophy that "Government is the Problem" and that less regulation is always better is being shown to be a set of beliefs that are now obsolete.  The failure of the financial markets may well have been contributed by the deregulation a