Societe Generale Loss May Be Tied to Market Downturn/Fed Cut

Via The Big Picture:

http://bigpicture.typepad.com/comments/2008/01/feds-folly-fool.html

I don't think this invalidates the recent bear market action. It would seem to me to be just another part of the market weakness. The interesting thing is that the Fed may have been forced into a premature cut partially because of this.

-s