I see Picard lost another court battle in the Madoff bs. All of madoff's investors are being sued because madoff was a fraud and the investors should have known this but ignored it. Wouldn't y'all just like to use that line of questioning on the SEC? After the fact, markopolos informed the SEC of the fraud and they willfully ignored it. N'est ce pas?
The ant works hard in the withering heat and the rain all summer long, building his house and laying up supplies for the winter. The grasshopper thinks the ant is a fool and laughs and dances and plays the summer away. Come winter, the shivering grasshopper calls a press conference and demands to know why theant should be allowed to be warm and well fed while he is cold and starving. PBS, CNN, MSNBC, show up to provide pictures of the shivering grasshopper next to a video of the ant in his comfortable home with a table filled with food. America is stunned by the sharp contrast. How can this be, that in a country of such wealth, this poor grasshopper is allowed to suffer so? Kermit the Frog appears on Oprah with the grasshopper and everybody cries when they sing, 'It's Not Easy Being Green..' ACORN stages a demonstration in front of the ant's house where the news stations film the group singing, We shall overcome. Then Rev. Jeremiah Wright has the group kneel down to pray for the grasshopper's sake. President Obama condemns the ant and blames Bush for thegrasshopper's plight. Nancy Pelosi & Harry Reid exclaim in an interview that the ant has gotten rich off the back of the grasshopper, and both call for an immediate tax hike on the ant to make him pay his fair share. Finally, the EEOC drafts the Economic Equity & Anti-Grasshopper Act retroactive to the beginning of the summer. The ant is fined for failing to hire a proportionate number of green bugs and, having nothing left to pay his retroactive taxes, his home is confiscated by the Government Green Czar and given to the grasshopper. The story ends as we see the grasshopper and his free-loading friends finishing up the last bits of the ant's food while the government house he is in, which, as you recall, just happens to be the ant's old house, crumbles around them because the grasshopper doesn't maintain it. The ant has disappeared in the snow, never to be seen again. The grasshopper is found dead in a drug related incident, and the house, now abandoned, is taken over by a gang of spiders who terrorize and ramshackle, the once prosperous and peaceful, neighborhood.
Don't buy gold - it's not backed by anything <iframe width="420" height="315" src="http://www.youtube.com/embed/aWyrjwXoIqA" frameborder="0" allowfullscreen></iframe>
liquidity is where the rubber meets the road, 2008 shows you what happens when someone yells "fire" in a crowded theatre. Wonder how many hedgies were up in august?
It's the weekend. Anyone sense impending doom, you know like a crisis is in the works to be announced before Sun night.
tough to say Greece is unresolved so anything could happen 60 minute charts trending like there is no tomorrow, so let the vol keep rocking!