Well, the week of August 8th has passed (yes, I now measure weeks on a Friday methodology) and we had no bank failures. As noted in prior posts, I can't help but have some amount of excitement each Friday after the close of business as we await the announcement from the FDIC as to which banks they have deep sixed. This week was a zero. "Good news, it seems the 'subprime crisis' has been contained. Nothing to see here, nothing to see here. Keep on moving."
The Brothers Linebacker have set the weekly over/under line at 1.5, thus giving another point to the unders. Somewhere in the distance, Hank Paulson does a quiet fist pump.