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MARKET COMMENT
Courtesy of Dave Fry, July 22, 2009
Read Dave’s entire comment here >>
Robin: "How about rushing the place, Batman?"
Batman: "Shh. I think not, Robin. All they’ve done so far is stolen a few items, attempted to kill you, me, and Batgirl. No, I think they plan something really big."
Maybe this is the feeling our regulatory crime fighters should have felt after letting Glass-Steagall expire in 1999. This allowed brokers (foxes) to merge and even control banks (henhouses). This event combined with Easy Alan Greenspan is why we’re in this financial mess. But hell, this is old news right? Even a crime-fighter needs to turn the page…
…Bears are languishing somewhere waiting what should be the market’s Achilles heel—a collapse in the dollar not to mention more poor economic data…
