Well with the G7 pretty much locked down everything and pledging their currencies it looks like there will be no further collapses. We had no major failures in the USA in the last week. MS will probably get the Mitsubshi deal under worse terms but they will not fail. The CDS Auction for LEHMAN showed that everything was being marked down during the downturn and the final writeoff showed no major suprises. In addition there is now a floor of around 8 cents on the dollar on the CDS If your a shitty bank you got to love the idea of Paulson being a silent partner and give you the guns to take out your honest competition. Gold and Silver are not going anywhere. If Gold couldnt break 1K with the world on fire in the last two weeks its not gonna happen. I was very concerned 10 days ago that a major bank run was a remote possibility. I think now its highly unlikely. The recession is still too come, and of course higher taxes, higher costs but the death spiral in the markets its probably close to the end. I don't know if we have hit a total market bottom, but I don't think the financial system is going to fall into the abyss this year. Anyone think I am nuts on this.