The evidence that Mr. Market is going into full irrational panic mode is mounting with the stock price collapse of McDermott International (MDR). Those who have been investing for a while have seen this type of behavior before. The short-term implications are ominous for individual shareholders. Those who are patient can ride out the coming storm in good, solid companies with decent, long-term gains.
Since the beginning of this article, more information has come out including talks of a bridge loan. Anytime there is a crisis, key information is slow to come