Gary A

Today's Employment Report: Focus on the Long Term Trends

The author has a conflicted view. First he says 1. that the job creation will be slow, up to 10 years. Then he says 2. the stock market is good at anticipating a turnaround. Then he says 3. that buy and hold is dead. If 1 and 3 are true, I don't think that 2 is true at all, and we could have another credit driven downturn.

That is why I don't think they want to break up the biggest banks. They are Bernanke's best bond customers. That can't go on indefinately, can it?