Indexor

The Imminent Equity Implosion

Excellent article. Based simply on common sense and written in plain english. However, I am still not convinced gold/silver will reach the levels you mention. Even with the throng of current gold bugs espousing 1,200 gold (which would provide a solid 25% return from current levels) we don't appear able to get past the 1,000 resistence level. We had the same psychological mindset with the DJIA back in the 1970s and it took well over a decade to break through. I believe gold could be caught in the same trading range for a number of years, regardless of the level of damage the Obama administration inflicts on our economy, our psychology and our quality of life.

Warren Buffett Calls on President, Lead Democrats to Focus on Economy

"Buffett and Zuckerman called on Obama, Speaker Nancy Pelosi and other Congressional Democrats to stop using the crisis to advance their liberal agendas. While Buffett refused to tell a CNBC interviewer this morning which programs should be deferred, he said everything but fixing the financial crisis and the recession should be put on the back burner."

The truth of the matter is that Obama, Pelosi, Frank etc., do not understand economics and have never run a business. They are socialist politicians who are living in their own little world. They will be absolutely shocked when they find that out that the rest of the world won't be able to fund the trillions of dollars of debt that they are piling up. Obama/Pelosi will learn at our children and grandchildren's expense that even the U.S. Government's credit card has a limit.

Obama won't let his liberal backers down. He will continue to boldly lie from his trusty teleprompter that the Stimulus Plan has no pork or earmarks. Pelosi will continue flying her private jet back to San Francisco on weekends (at the taxpayer's expense), and then back to D.C. by Tuesday in order to rant against those evil CEO's who have the audacity to keep their corporate jets.

Obama is lost. Poor old Warren Buffett is lost. Jamie Dimon (pronounced Demon by the politicians) is right. Our country will be lost until the politicians stop putting their own agendas front and center and do what is right for the country, regardless of their ideology. Grandstanding about winning the election, blaming Bush for everything and remaining long on rhetoric, without taking any ACTION, will not solve our problems. If Obama is truly to become a great leader, he will bury his own anti-business, anti-wall street anti-wealthy propaganda speaches, and lead us out of this crisis NOW. Otherwise, his desire for historians be compare him to Abraham Lincoln will fail, and he will only remain a legend in his own mind.

What Obama Needs to Know about Tim Geithner, the AIG Fiasco and Citigroup

Thank you for your excellent article.

Wall Street Breakfast: Must-Know News

"Bear Stearns Current Yield Fund (YYY), which will aim to beat money-market funds by investing in a range of fixed-income products..." Somehow this doesn't give me a sense of security for any of my client's capital. It would be similar to giving money to Eliot Spitzer for an IPO based on dating services.