The US subprime and credit crisis has cost the world over $7.7 trillion, according to a report released in February by Bank of America. The worst could yet be to come. Shah Gilani in Money Morning says the $62 trillion market for credit default swaps (CDS) is a ticking bomb.

The average penny stock is found on one of two places: Pink Sheets, LLC or the Over-the-Counter Bulletin Board (OTCBB). Until recently, it has been nearly impossible to get good information about companies like these. Until a few months ago, the pink sheet stocks offered virtually unaccountable information.