Sick market, sick congress
Two quick points. 1) Democrats asked the auto industry to formulate a plan and get back to congress by December 2 nd . You know my position on the matter and I find it sickening to see this kind of government involvement. Let the free market work! If people are not buying American cars, then it is a clear signal that these American cars are over priced. The price information being telegraphed from the auto industry is being rejected by the population, the answer is to adjust the price - not grovel to Congress. Absolutely appalling. Is there anyone out there that thinks we should bail out the auto industry? Let me know and if so, explain to me why we should violate free market principles. Do not use the financial bailout as a benchmark, because according to Wall St. the financial bailout did nothing to stem our declines. 2) Stock market is extremely weak. Today's bounce attempt should be shorted for short term traders, because they underlying weakness is glaring. Energy shares are l...