Why'd you have to summon him?
I’m no fan of Obama but that’s just dumb.
Stocks are sliding because the market fundamentals are weak and have been since 2008. If you listen to the media that says that everything is getting better and recovery is around the corner you’re an idiot.
It is systemic. It’s not going to go away. It will get worse before it gets better. The people who do this for a living are pulling out now. They know what’s ahead. I hope that this does not happen but I would not be surprise to see the Dow break the low it set up last year some time before the fall elections and I would not be surprised to see it go sub 5000 sometime in 2011.
Unless some magical miracle comes and saves us all it will become very apparent by 2011 that this is Depression # 2.
Why'd you have to summon him?