Prudent Man CFA

Nasdaq 100 Stocks Up An Average of 20% YTD

Does this mean Happy Days are Here Again?

Not according to Geithner. He is keeping all of the TARP money repaid to make up for their future screw ups that are already on the drafting board.

By the way, can we "green" the planet without Russia, China, India, et al? Not a chance. We will only put our companies at an economic disadvantage while raising middle class taxes. Now that is a plan to get us out of recession!

That is about as well thought out as the closing of Gitmo. Only a rock star can get away with such nonsense. If we only had a leader.

U.S. Equities Soared Like a Rocket

The only thing that has "soared" is government, i.e, taxpayers, debt and some imaginations. Why are there so many loses? O.k., for now the economy is off of life support by delaying the inevitable through deficit spending.

Listening to Bernanke everything that has been done will substantially increase debt service in the future and for future generations.

Larry Kudlow, the ultimate Statist and Crony Capitalist, said "the recession is over" so we know it isn't. If Kudlow ever managed a portfolio, where he would be liable for what he says, he may quit the cheer-leading and be a rational journalist (oxymoron?).

Has anyone in Congress challenged Bernanke's "neighbor's house on fire" analogy by asking him if I bought insurance on my house and my neighbor didn't' should I pay to repair his house? It is not just about putting out a fire, which is bogus, it is about personal responsibility and government intervention into Free Enterprise. We have a fire dept. to put out fires and all property owners pay for them but not the rebuilding of the property.

Fed Pushing Liquidity Back into the System

A World Wide Recession caused by unsustainable leverage being cured by unsustainable government borrowing. If one believes in Santa Claus, e.g., politicians, this may sound like a good plan. To me it is economic suicide that will lead to Socialism.

Because many in this world are so accustomed to getting their every want through little effort (credit) they now run to the government for salvation. Free Enterprise, like our Military Defense, is only for the fittest of which there are few today.

Politicians can try to redistribute the wealth all they want but it will, in time, revert to the strongest and most ruthless which may not be its rightful owner. It could be bloody!