Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.

J. P. Morgan

"Sell down to your sleeping point"

Thursday, May 21, 2009

Prosperity

Tonight on Olberman, there was a town in Wyoming that wanted to take the Gitmo Prisoners. The guy who ran the prison, and the city council wanted the prisoners to help with the recession.

Keith asked about how bad it had gotten, since the recession.

The man replied that Whatever the prosperity that the rest of the country had experienced, they hadn't had... so it wasn't hard to fall from lack of prosperity to lack of prosperity.

I think for much of America... this is how it was. Besides for some crazy reason home prices went to the moon.... there just wasn't any growth.

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