(the entire financial sector is fundamentally insolvent).

---Automaker stocks will go to zero because SUVs are worthless in the land of 5 dollar gas.

---Retailers stocks will also be hurt as the drop in consumer spending results in their worst holiday season in decades.

---Makers/retailers of luxury goods and auction houses like Christie's will be slaughtered as their clients, America's richest, become poor quite fast.

---Manufacturers will be hit by higher cost for raw materials and sharp drop in demand.

---All stocks will be hurt by rising corporate taxes (government won't have a choice if it wants to keep funding its operations).

---All Stocks will be hurt by deleveraging, margin calls, and forced selling.

---All stocks will be hurt by concerns about inflation and the dollar.


Basically, as the dollar collapses, the declines in our credit and stock markets will turn into crashes that make 1929 look mild.


What won't sell off?

There are a few places left in the stock market for investors to hide as America's economy disintegrates:

---The few export oriented companies left in US, like coal producers.

---Unhedged gold mining stocks (and other precious metal miners)

---Multinational corporations which have the majority of their business outside the US, which sell necessities rather than luxuries, which don't have toxic assets on their balance sheet, and which haven't dabbled in consumer financing or debt funded share buy backs.