DEBT MAN WALKING

The worlds largest debt (bond) manager calls the "bond markets" the debt man walking.

The government has pretty much killed the equity market too now....

Missing in all the media's hyperbole are of course the facts....on the final bill.....that is supposed to ward off the end of the world...again.....
a proposed rewriting of the tax code. This anticipated action will immediately terminate all new hiring, capital expenditure and spending. And of course it will never happen....so these folks in wdc, llc will now put on hold all decisions and wait for the newly voted in leadership to 2013. This will cause a double dip soft patch deux.

All investors can do is hope to retain purchasing power (from a lower dollar) and maintain their capital (in a correcting stock market).

Taxes are going a lot higher.

"Fear and politics are joined at the hip, because fear motivates."

The public is gone from this stock market and will not come back until maybe 2013...this is an amatures market...as the pros will sit this one out.

The greatest basket ball coach of all time said, "don't be late, be clean and neat, never criticize a teammate, be patient, don't wine, no excuses, play to the best of your abilities, never mention winning."

Which of the above have you experienced or read about in the past two weeks?

Danny Boy seen here not stunned.