
"You know what the news is-- in a minute, you're going to hear the rest of the story"- Paul Harvey
As the market turmoil continues, Jay Leno reported last night that former Lehman CEO Dick Fuld got punched in the face at the Lehman gym by an employee. When I read the reports about the incident I thought, "what a great idea".
These country club punks have come close to destroying the U.S. financial system, padded their pockets with millions, and have caused billions of dollars of destruction in the way of 401k losses. A punch in the face should be followed by an immediate visit to a firing squad at Ft. Levenworth. What these people have done is treasonous, and a direct threat to the national and financial security of our nation.
At this stage of the game, I think one of two theories about our markets and nation exists;
1) We will recover, solutions will be successfully implemented, the stock market will rebound, stabilize, and then recover.
2) We are no better than some piss poor South American country, and we will live in filth and poverty for the rest of our lives.
Since I don't believe we are the latter, the markets and the economy will survive, and eventually thrive.
I have to go, believe it or not I am buying since I have faith in our nation.
I have told told you for the past few years that Wall Street was a bunch of crooks. Do you believe me now?
In 2000, after the dot-con scandal, the lying and cheating by Wall Street firms and their analysts went virtually unpunished. Since justice seems to elude the Wall Street Gang, it may be best to use a left jab and a right hook!
I'll have more for you in the Weekend Briefing.

