Held $19, but for how long? Given the present state of the markets, I can see GOL sliding further. GOL isn't the only Brasilian stock to get hammered. PBR has been getting killed. No doubt about it; we're in a real bear market. I've been predicting for at least the past 4 years that the housing bubble would eventually take its toll. Unfortunately, the FED is likely to cave in and ignor rampant inflation to try to stop the slide in stocks and real estate. The Fed's job is not to bail out investors who made bad decisions. The Fed's job is to stabilize the monetary and banking system, control inflation and protect the value of the dollar. Neither GSpan nor Berkie has done that; the dollar has become just so much garbage. Will the Democrats do any better? I'm not sure, but they can't be worse than what we have now with the borrow and spend Repugs.