No, not that.
I was at a party tonight and met a securities lawyer. He said something that could be scary or could be nothing at all. It seems that the lag time for lawsuits brought by brokerage and hedge fund customers is about nine months and from what he is seeing now in his practice it is going to be a very active time starting next September.
Hurry up and get your law degrees. There should be plenty of business for you.
As for what that means for the markets, let's hear what you all think. I'll throw one out there - the public disgust for stocks will be great and that is what happens at a major bottom.
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