Saturday, February 21, 2009
Today the market continued it's downward move, finishing 100 points down to end at 7365, or 1.34%
We narrowly escaped a ten year low for the Dow. Today...
Below, are 5 pieces for you to chew on as you contemplate your moves for next week.
1. A piece by Gary North examining a quickly retracted article in Britain's Telegraph. Apparently all Europe needs is 25 trillion dollars to save it's banking system.
The Looming Collapse of European Banking
2. I saw Rick Santelli's impromptu call for a Chicago Tea Party live. It made my day. The first link is his initial rant. The second is his response on Kudlow and Co. to the Obama administration's take on what he said. Rick Santelli has been one of my favorite people for a long time. Enjoy.
3. Soros is not always my favorite guy but he is worth paying attention to.
Soros sees no bottom for world financial "collapse"
4. FYI. How bank nationalization might happen. Pay attention to the last bit. Who still owns shares in Citi anyway?
5. Ah gold. God's money.
Gold tops $1,000 an ounce