Paranoid Bull

The Short-term Outlook is Dark. The unfortunate reality is that we are going to face tough economic times in the short term. Furthermore, certain “structural” factors in the credit markets have led me to believe that the market prices of assets (including most stocks) have more downside risk than upside potential in the short term. [...]

Stop pointing fingers. A friend of mine asked me tonight: didn’t you tell me you were against a bailout a few weeks ago?  The reality is: Yes, I was against a bailout of any kind until Congress proved they were capable of coming up with a reasonable compromise in the context of a very dire [...]