These hedge fund guys have had their collective arse kicked. My guess is many of these high flying managers are about to understand what Main Street already knows.

Today's 1/2 pt Fed rate cut does not seem to be enough to stop the bleeding on Wall Street.

I wish I could see the bottom, but my WAG is we are in for a bit more down side.

The folks living on fixed income and recent / soon retirees are really going to get the worst end of this stick. Maybe it will flatten out soon.

John