[I-Hate-Hulse]

It's been one hell of a Sunday here:

- Lehman Brothers gets passed on by Barclays, going bankrupt.
- Merrill Lynch - laden with bad the same festering assets as Lehman, will be sold to Bank of America.
- AIG, the world's largest insurer, is going to have to sell off substantial assets to survive.
- Washington Mutual, the largest S&L - is in trouble, likely to be sold next week.
- the Fed, and other US banks are putting together a $70B bailout fund.

This as they say, could be really ugly. While the facts might suggest a smaller than expected decline, I think investor confidence will be shot and the dreaded recession word has the potential to be in full force.

Buckle up for tomorrow...could get a little bumpy here...