I'm out of breath from my latest new low in stocks. Down near 30% after the market defied the downturn. Still holding though with the few points of note:
- Fed rubbishes all USD to save its pride by downing rate to technical zero
- Hedge funds unconstitutionally, illegally and irresponsibly suspends redemption. If the fund previously allows anytime redemption and now suspends it, it falls in this group
- Madoff, enough said. I actually admire his guts and realization that he pulled off something a lot of corrupt officials have not been able to. Only bad is that the charities are hit too, which is TOTALLY the charities' fault. I would recommend legal action against the misuse of charitable funds.
- Auto bailout. Enough protectionism already. Foreign companies hires Americans too.
- Obama's mystical powers at work. His wow factor is killing me more than helping me. Then again, I will thank him if I still have continuous income ten years from now.
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