Heard Boortz’ own comments on his impending retirement, and it sounded like he made a conscious decision to go Galt.
Well, if you've been reading Mike ("Mish") Shedlock's articles discussed on this site (he has his own FA business and his own website, plus he writes for Minyanville.com), then you know why. Morgan, Stanley is on its last legs, apparently, and it's starting to look like all the big, broke, investment- money-center banks are deader than St. Peter's yingyang and just being propped up for the nonce with the help of the American People's American Express Black Card; and the market is marching through them one by one and "discovering" (as Mike and other like to say) the real value of these firms' outstanding shares. Which ought to be impressively large -- and written in red ink.