Scott Burns raises an interesting and terrifying issue--what happens when all those ARMs adjust upwards? I see an "uh oh" in the future...
http://assetbuilder.com/blogs/scott_burns/archive/2007/08/10/the-nitwit-sector.aspx
Also, if financial services is 20% of all market value, what is going to replace it as its percentage shrinks? I don't see any killer apps on the horizon--do you?
"And if an epitaph be my story, I'd have a short one ready for my own: I had a lover's quarrel with the world." -- Robert Frost
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