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Because we're going to 1200 by August. Resistance is futile.

Business as usual at Government Sachs: http://www.reuters.com/article/businessNews/idUSTRE5514PM20090602 NEW YORK (Reuters) - Clinton-era Securities and Exchange Commission chairman Arthur Levitt has signed on as an advisor to Goldman Sachs Group Inc (GS.N), the Wall Street firm...

:D What did you do? Fall and hit your head and wake up bullish for a day or two?

There's a lot of money to be made from poor people, but I don't think I could ever play the slum lord roll. An under 10K house is in the heart of the ghetto and probably needs many times its own value in safety and code violation repairs. Of course, slum lords will ignore all these repairs to...

They are called economic "theories" for a reason. Oh, and I'm sure Krugman couldn't resist taking a shot at Reagan, but Clinton didn't exactly make sweeping changes when he was in office, not to mention that tiny piece of legislation that passed under his watch.

Yes. And if I have my facts straight, the fathers owe that money for however long they are unemployed and most states will only review the support amount every three years (if requested). So if dad needs to change careers mid-recession and take a huge pay cut, tough luck pal.

Yes, and with near perfect correlation too. AXP is a slightly different animal but it moved up 4.6% even though the company needs to raise capital.

You would have to pry the keyboard from his cold dead hands.

So far a large percentage of the recently unemployed still receive unemployment and a relatively small amount of lost jobs are min wage jobs. As far as burning cars in DC, it will be a tipping point. We're not there yet. Lowered wages, spiking oil, inflation and another round of Wall St...

I wonder how the ABS actually performs on a motorcycle since it's only for the front wheel. If I get into trouble with brakes on pavement, it's usually the rear brake. I've never even come close to washing out with the front brake on a street bike (do it all the time on a dirt bike). But...

No one is arguing the fact that lowering minimum wage would increase employment. The disagreement is in the NET positive results from such a move. Cut min wage in half and there will NOT be 2X increase in min wage employees. It will go up, sure, but by how much? 10%? 15%? And for how...

Yes. We call those green shoots. If unemployment hits 11%, S&P will surge 5% and hit 1200 by August. No worries. It's the new economy. (Oh, and VIX is up on today's rally. Suckers actually think it's different this time.)

Those are the facts if you're a supply sider like Alan Greenspan. A trillion dollar hole (or two) was blown through his economic theory in 2008. Maybe he's wrong about this one, too.

I wonder if this would warrant an insurance rate cut: Hell, screw hurricane insurance. Build one of these: Or these:

Here's the quote in context: "Among the stocks that just squeaked above the Russell 2000 threshold, a disproportionate share of the gains for May occurred on that measurement date -- in- deed, in the last minutes of that day." Here's another quote from the article: "If mischief takes...

It only took one post to come up with the universal excuse used by BOTH sides. You have to love partisan politics. It's just one big slight of hand trick, and most of the country buys into it.

Last time I looked it up, three states in the country had a balanced budget...And Arnold is in the Grand Old Party. As a matter of fact, since 1967 (Reagan), California has had a GOP governor for 31 out of 43 years, or 23 out of the last 27 years if you go back to 1983.

Texas didn't have a housing bubble anywhere near the size of California's? Texas benefited from big oil profits during the oil bubble? Houston based Enron's raping of the West Coast during their "energy crisis?" 10% of Texans have an outstanding arrest warrant, many of which due to traffic...

If oil hits $200 gallon ($8+ gallon gas), the SUV will die a slow painful death. But yeah, little side roads like those made for bicycles would be needed.

All of that is probably true, but it's not like major market participants realized it at 2:45 EST, Friday afternoon. They've known for days if not weeks how things are going to play out. Some had a voice in the decision process. Here is another guy's opinion...