i just couldnt resist the urge to blog today because it's probably gonna be one of the most memorable days that will ever go down in financial history. it's not everyday you get one of the world's largest bank toppling down like jenga blocks.

it's not everyday either, that i open my web browser to find so much negative news in one page. Look at the spectecular chart on the right which shows dow jones gapping down by a whopping 292 pts on opening! and it's not even mid day in wall street yet.

so lehman is finally going down, and taking the rest of the world with it - credits, commodities, global equities.. even EM is not spared. lehman now trades at 29cents which is such a scandalous thought for one of wall street's oldest investment bank.

One report in the middle now questions if AIG's plight will be worse than lehman's. it's a highly justified question at this point in time since so little has been divulged about AIG's financial status.

There is one good news today though (circled in green) - will ML deal signal the bottom of the market?

Yet, a skeptic's answer would be this is only the beginning of the end.

Oh, such turbulent times we live in!