ts hot in NYC, its hot in Europe, hot in Japan and other parts of Asia. The Cause - not summer's not the cause, its because of sub-prime mortgage fears and a panic. In today's economy, a global economy, things that happen out here in US is not just restricted to the US. Fear has spread to Europe n to Asia.

With the market swinging up and down staying putt seems to be the sane thing to do. But maybe not - its a hot oven out there on Wall Street now gripped with Fear and Speculation. Although Feds have intervened pouring some liquidity into the market, some are not happy. The real estate market that took a beating looks real bad and some were hoping for rate cuts. Chairman Ben Bernanke decided to play the waiting game and some folks like Cramer are not quite sure why ...

I totally love his show - Mad Money but don't think I totally agree with him. As people are losing money left and right, losing money invested in Financial companies, Real estate - it has started to affect the Tech stocks which are slipping down amidst all this fear, investments like 401k have also suffered a setback as people wait and watch. Its a waiting game as we go into the next week as the market tries to recover from a huge slide which some say is really bad ;the real estate slump is the worst since the Depression.

The weakening $$ doesn't help either, if at all anyone's gaining from all this its the firms in Asia. Just as an example the $ -Indian Rupee conversion now stands at 1 USD ~ 40 Rs, while it was close to 50 about 5 years back. Companies like Wipro (NYSE:WIT) are buying out US software firms and forging ahead in the IT sector.

What's happening in Boston - It was hot and humid 4 days this week and then a sudden slump to 70s. The car sits there in the parking lot baking in the sun and giving company to a GMC truck. It would have hoped of driving through the narrow streets this WE - but not today. Maybe tomorrow ..... if I'm able to get myself off of the Mac, which (as it would have learned by now) is a big IF :P