My level of risk aversion is at an all-time high today.
Credit spreads are approaching all time highs.
Bailout not passed today.
Banks essentially “failing” left and right. Either thru FDIC takeover or forced firesale acquisition.
Hunker down folks, it does not seem to be getting any better.
I still holding mostly gold, cash in short term FDIC insured instruments. I liquidated a bunch of gold a few months back and no longer holding any oil or diversified oil services investments.
