Monday, February 7, 2011

NY TIMES ON LOOMING STATE BANKRUPTCY

THE BANKRUPTCY OF MANY STATES AND CITIES THIS SUMMER WILL BE THE START OF THE SECOND LEG DOWN IN THIS DEPRESSION...

AS THE STIMULUS RUNS OUT...AND QE2 STOPS...THE ECONOMY COULD BE IN FOR A RUDE SURPRISE...

ALL THE LATHER ON WALL STREET IS STRICTLY MOMENTUM TRADING MULTPLIED BY THE NEW "HIGH FREQUENCY" TRADING PARADIGM...

THIS MARKET IS HEADING FOR A BRICK WALL...AND THERE ARE NO BRAKES...ALL WE CAN DO IS SCREAM... WHEEEEEEEEE! AND LET IT GO....