Sunday, June 10, 2007

NO JOY ON THE STREET...

BUT AFTER THE INSANE RUN UP OF THE LAST FEW MONTHS...

THERE IS A LONG LONG WAY DOWN... ESPECIALLY SINCE THE RUN UP WAS BASED ON SOME BIZZARO NOTION THAT THE FED WAS SOMEHOW...ABLE TO LOWER RATES...FOR THE SPECULATING CLASSES...

EVEN AS THE DOLLAR PLUNGED AND OIL SOARED...

THE LIQUIDITY PARTY IS OVER....GET USED TO IT... IT'S GOING TO BE BACK TO REALITY ON WALL STREET FOR THE DURATION OF THE BUSH PRESIDENCY...

THEN MORE BAD NEWS AFTER THE DEMOCRATS TAKE OVER...

BUT AMAZINGLY I THINK THE DEMOCRATS WILL BE 'BETTER FOR BUSINESS' THAN THE REPUBLICAN LOOTERS AND PLUTOCRATS ARE AT PRESENT...

IF YOU REALLY DON'T KNOW WHY...?

STAY TUNED...