Yup, that’s right.
WorldCom has now filed Chapter 11. Frogs will rain from the skies. The rivers and lakes shall turn to boiling blood. Alan Greenspan will appear on CNBC and eat a live whimpering puppy in front of the horrified Federal Reserve Board. Dark cthonic creatures will rise from the sewers below Wall Street and consume everyone in their path. Bill Clinton will tell the truth, and Al Gore will reveal his true self. Black will be white, white will be black, and Michael Jackson will be black again. All is lost, abandon all hope ye who have stocks, the end is nigh.
Or maybe this was just the inevitable result of a poorly mismanaged company that will provide opportunities for more agile players in the field to take the opportunity to fuel a new economic recovery…
