Single stock investors, hold on to your pants…

Because Lehmen is going into Chapter 11.   Pretty much everyone else can expect to take it up the tailpipe too, but I’ve heard numbers being thrown around that say the over-under on the stock market today is a 350 point slide.  I’ve heard some big financial people saying that no fewer than 1000 US Banks could close at this news, which as you suspect is a Very Bad Thing ™.

Here’s where that 25% of my international investments might look very good.  They’re going to sag a little on this news too, but hopefully it won’t be time for the Big Rodeo for them quite yet.