Archive - Dec 1, 2010 - Blog entry

They actually want to go backwards.

I would like to feel sorry for Ben Bernanke because of his bumbling and confusion about what to do about the economy, but I can't. Every time he turns around he does the wrong thing. Can you say "cognitive dissonance?"

Those fabulous Bernanke Bears have a great discussion about the merits of BAC, listening to WikiLeaks and investing in NFLX.

Even giving the company the benefit of the doubt, and maintaining the stock’s current forward multiple, shares could easily trade down toward the $11 to $16 range based on the midpoint of our estimates highlighted in this report.

A roundup of reports from around the Web ...

A victory lap for the Armageddon crowd. The hard core faithful who suffered a 20-year bear market in hard assets are now wearing better tailored suits.

Politics has a charming way of bringing reality to lame-duck politicians. The Republican gains in the House and Senate have apparently prompted President Obama to do the unthinkable: freeze the pay of civilian federal workers for two years. His constituency is very upset by this apparent betrayal by Obama.

This isn't new stuff people - that cartoon is 100 years old and we fought against the evils of corporate greed and won at some point but now they've changed tactics and moved onto taking over government and brainwashing the masses so the American people now confuse the good of the corporation with their own welfare when they are, almost by definition - diametrically opposed.

There is a right way, then there is the wrong way...

From CNBC: UK ‘Vindicated’ for Refusing Euro: Chancellor Osborne... Whaaaattt????!!!! That’s not the way I remembered it.

I read your comments and I've been busy...

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