Ok, markets can remain irrational longer than you can stay solvent and all that stuff… and that’s why we are on the sidelines and haven’t had the energy to look through any stock picks… As we have repetedly said, at this moment, we feel that...

This is a very interesting video (chart analysis) on bear market advances since 1886. They commentary is not too technical and very easy to follow, showing projections after the 1903, 1907, 1920, 1932, 1938, 1974 and 2002 bear markets. Click here...

Always worth taking note of Meredith Whitney:  watch spending, credit card failures and the fact that it’s still going to take a long time for banks to sort out these issues…