Layoff Tracker

http://www.forbes.com/2008/11/17/layoff-tracker-unemployement-lead-cx_kk_1118tracker.html
Every Million is worth 1% on the unemployment numbers. Does not included the underemployed where a a million laid off may mean 2% more.

Two so far this weekend, Citi still pending

http://www.latimes.com/business/investing/la-fi-banks22-2008nov22,0,3887469.story

The only story left is Citi for the weekend. Look for some annoucement tomorrow.

A tsunami of hope or terror?

http://www.businessspectator.com.au/bs.nsf/Article/A-tsunami-of-hope-or-terror-LHRJP?OpenDocument&src=stf
Lets just say when this is over, someone is going to be shot.

China Protest increase

http://www.latimes.com/news/printedition/asection/la-fg-chinariots19-2008nov19,0,4258918.story
"But there is no channel to allow people to express their will. They lack the right to speak, the right to organize and unionize to represent their interest, therefore they can only use an irrational way by demonstrating or rioting to solve problems."

All major downturns have caused major collateral damage. This is just sign of what is to come

http://brontecapital.blogspot.com/2008/11/sheila-bair-and-seizing-citigroup.html
At this point nothing would be more shocking. A perfect end to the banking system. Full Nationalization would be a last dramatic move to save the world.

Alt-A Losses Outstripping Expectations, Moody’s Says

http://www.housingwire.com/2008/11/20/alt-a-losses-outstripping-expectations-moodys-says/

As of Oct. 2008, serious delinquencies for Alt-A pools — including option ARMs — averaged 20.3 percent of current balance for the 2006 vintage and 17.5 percent for the 2007 vintage, up from 16.9 and 12.2 percent six months ago. At the same time, prepayment rates on these pools are at historical lows and are currently averaging in the mid to high single digits, Moody’s noted. Serious delinquencies refers to mortgages more than 60 days in arrears, in this case.

Ugly.

Google

http://www.streetinsider.com/Analyst+Comments/Analyst+Defends+Google+%28GOOG%29%2C+Says+Search+Ads+Will+Hold+Up+Well/4181750.html
Now the greatest Short opportunity left.
Yes I know google is the gold kid of the Internet. Yes I know people say it is worth $500-$600. That will not stop the slide to $150. Online Ads are going to dry up as ecommerce gets whacked.

http://www.alleyinsider.com/2008/11/depression-2-0-comes-to-ecommerce

No question a year from know people will wonder how did we not see Google at 150.