Comments: Kiss Your Dollahs Buh-Bye Suckas!
A blip. The market will do, and has been doing, better than it could under responsible leadership. All comparisons to every market era and cycle would suggest, sans QE 1,2,3, and 4, a Dow of 4,000. Minimum. 1929 began a decent from 381 to 41. There has been no final clearing of bad capital because Leviathan itself is supplying bad capital.
Posted by james wilson at November 7, 2012 11:23 AM
It was excess credit and cheap credit that created our problem. QE to the x power will not get us out. We are on the way to sub dow 1000. Bad credit WILL be destroyed and eventually the crazy credit mavens will be stepping off buildings like its the 1930's all over again. Walk close to the buildings.
Posted by indyjonesouthere at November 7, 2012 7:16 PM