The Year on Wall Street
It has been a crazy year on Wall Street:
Helium was up, feathers were down. Paper was stationary.
Fluorescent tubing was dimmed in light trading.
Knives were up sharply.
Cows steered into a bull market.
Pencils lost a few points.
Hiking equipment was trailing.
Elevators rose, while escalators continued their slow decline.
Weights were up in heavy trading.
Light switches were off.
Mining equipment hit rock bottom.
Diapers remained unchanged.
Shipping lines stayed at an even keel.
The market for raisins dried up.
Coca Cola fizzled.
Caterpillar stock inched up a bit.
Sun peaked at midday.
Balloon prices were inflated.
And batteries exploded in an attempt to recharge the market. [more]
They've got to be kidding right? The Fed funds rate is a measly 1.5%! Heck a few more cuts and banks will be paying US to borrow from them!! How long are they going to continue to punish savers instead of encouraging them? How much more profit do these banks think they can squeeze out of an already overly debt-burdened society? Is it too much like right to encourage wealth creation based on assets instead of debt? [more]
I thought I'd share this onion article. Its pretty funny. [more]
I know I'm going to get some negative comments or probably no recs for this post but...oh well. [more]
This article appeared on the Minyanville website today: [more]
This following quote was in response to the House passing the bill today. [more]