Sorry for the delay on this promised post, but today is the perfect day to encourage you (sarcasm) and say, I can't make the numbers work to justify the market being this high today. It should still go down more. As a disclaimer, I will be speaking specifically of the S&P 500 currently at $706.
Monday, March 2, 2009
Return Democracy to the Capital Markets
There has been a lot of rhetoric lately labeling the bailouts as socialism. I think the debate on both sides is really a lot of noise by people who are not thinking. What is true (and easily demonstrated) is the slow decline of democracy in America's public capital markets. And there are some very obvious and easy fixes to the problem.
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