IN THIS ISSUE:
Stocks sink deeper in economic quick sand...
Leaders point higher
Earnings just keep falling...
And so do housing markets
New billionaire buy & hold blues band - Warren and the Prince
Quote of the week
"When governments come knocking, investors run out the back door." - Bespoke
Investment Group in a newsletter this week.
Stocks sink deeper in nationalization quick-sand
Stocks sank for their third consecutive week of across the board losses for the major indexes
as more key support levels were broken and both the Dow Industrial Average and S&P500 put
in twelve-year lows. Should anyone not have known how the market would view increasing intrusions
by governments into the nation's board rooms, we got another demonstration of just how unpalatable
the "N" word is to investors. This is not surprising since we are seeing the greatest
(and most troubling) efforts to socialize free markets and companies since the FDR approach
during the Great Depression.