BERNANKE LOWER RATES ALREADY!  We think it would be a good idea for the Fed to have an emergency meeting tomorrow and lower rates.  The 50 basis point cut is already expected by the markets, why not save the market from a mega-fall in the morning?  If anyone was watching the Australian, Japanese, and other stock markets crash then they know we are in for some more selling in the morning.  So, Ben, please, do something agressive, now.  We all understand the inflation issue, but when the 100 year flood is outside of our door we are filling sand bags with sand, not fixing the roof.

Come on inside for a slew of doomsday stock picks.

Update 1/22/2008:  Fed lowers rate by 75 basis points.  Carnac the Magnificant is right again.  Markets could still fall some from here, but this could stop or defer doomsday.

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