I can't get shut eye. Last night wasn't really good either. I shouldn't read Roubini at night.
I decided to update myself the AIG thread. They are lined-up to dump $20B worth of assets on the markets tomorrow. This is the spiral in earnest then.
Then Lehman looks like it is going to fail. No-one wants to buy an insolvent bank for a positive number and the authorities are playing a game of chicken where no one wins.
Before I could get to click the 'new post' button, to write about Lehman, news hit that Bank of America is merging with Merrill Lynch over the weekend.
I make my way to Roubini's site where he talks about the death of the broker dealer model and talks about Lehman, Merril, says Goldman is gone within weeks or month.
I panic a little bit. Then I take a deep breath and write. I need to get some sleep.