Prize

........... Recipient of the 2010 MacDougal Irving Prize for Truth in Market Manipulation ...........

April 19, 2011

Outlook Revision

    Even though Standard & Poor’s got around to mentioning it, we need to emphasize that the National Debt remains a problem of cataclysmic proportions.  The time-honored Wall Street adage of buying the rumor, selling the news, and totally ignoring any fool thing some dumb a$$ rating agency comes out with is not applicable on this one as S&P is uncharacteristically somewhere near the ball park at a time when a game is actually being played over here.