The Volokh Conspiracy - Justice Breyer Sells His Stocks, and He's Not Alone:

Breyer is selling to avoid future conflicts of interests. Meanwhile, investors around the world have been selling today because they're pessimistic about the future:

The Dow Jones industrials skidded more than 800 points and fell below 10,000 for the first time in four years, while the credit markets remained under strain. Financial markets took a despairing view of the future Monday, seeing contagion in a credit crisis that threatens to cascade through economies globally despite government efforts to provide relief.

Investors around the world have come to the sobering realization that the Bush administration's $700 billion rescue plan won't work quickly to unfreeze the credit markets. Global banks, hobbled by wrong-way bets on mortgage securities, remain starved for cash as credit has dried up.

	[Orin Kerr, October 6, 2008 at 3:21pm] Trackbacks Justice Breyer Sells His Stocks, and He's Not Alone: Breyer is selling to avoid future conflicts of interests. Meanwhile, investors around the world have been selling today because they're pessimistic about the future: The Dow Jones industrials skidded more than 800 points and fell below 10,000 for the first time in four years, while the credit markets remained under strain. Financial markets took a despairing view of the future Monday, seeing contagion in a credit crisis that threatens to cascade through economies globally despite government efforts to provide relief. Investors around the world have come to the sobering realization that the Bush administration's $700 billion rescue plan won't work quickly to unfreeze the credit markets. Global banks, hobbled by wrong-way bets on mortgage securities, remain starved for cash as credit has dried up.