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Dow 10k: The Higher They Rise, The Harder They Fall

Very good article - it gets back to the decoupling argument of emerging markets - and you are right there is no evidence whatsever to support the inter markets pulling the US train at 25% of the world economy based on 70% consumerism. If you look at many stocks you will see little volume but a tickling of higher prices for many months. There is of course the buy and hold crowd still there and too big to admit mistakes invest crowd waiting for the eventual return they are not selling which allows this tickling of prices. But after a 40% rebound - well .

I was hoping you could be more aggressive in your positions - like selected stocks short if this is indeed a multitrillion dollar vapor bubble. Certainly you can find us something and yes timing is crucial but right now the majority of your cash and bond funds are losing 15-20% against other currencies.

6 Ways to Short the Obama Health Plan

Why do anti pharma think a lower capitalization and reduced customer (gov) revenue is going to spur innovation in this country? Now big govern advocates want to determine when a product should lower it's price and be "nice" and quit running the pipeline into the ground. Did it ever occur that these future revenue streams of no competition is what spurs the billions that are lost in futile failed phases? Why not provide a tax credit against all failed drugs?

Commercial Real Estate moguls get free depreciation against an appreciating asset, oil and gas get spec tax treatment and Disney gets special patent consideration and nonprofit get to invest off of their charter in speculative ventures.

But when the serious scientists that are trying to provide important cures well then everyone should tax

Seven Companies Profiting From Obama's 'New' New Deal

Amen - How can a public works project beat the tech captains of the last twenty years. Privates sector money is on the sidelines and unlike the 30's the fat cats have a very vibrant choice of competing national economies all competing for investment. Public works projects that today are vastly overpriced and faulty (Big Dig- Boston) will do nothing to entice the private capital - in fact it can scare it if there is a newly installed negative sentiment towards investors.

How about showing confidence in the private sector and making the corporate tax structure competitive. One should ask the question why does the government need unlimited growth in spending during a severe recession or credit freezeup?