Arkady's Thoughts

A reader passed this link along and I am compelled to share. This will of course not endear the movement to the wealthy and in fact reads more like a threat than anything, but is impossible to disagree with. Most important point is that people are looking for a scapegoat. Indeed when this country was juiced up on Fed funny money nobody was complaining. When people extracted equities out of their house to go on vacation nobody was complaining. When employment dipped under 5% under Bush nobody was complaining. When every mutual fund under the sun was making money by just buying and holding and 401ks ballooned, nobody was complaining. Yet when the credit stopped flowing and the poor investments had to be erased then came the pain. Lots of pain. Instead of biting the bullet and bracing for austerity ACORN , unions and other radical leftists decided in the wisdom of Rhamb-o to utilize this crisis as best as possible.  Ahh, people will never learn.  Yesterday's Jews are...

In the weekly address from the "office of the president-elect", an office that exists only in Obama's world, a troubling quote was delivered. Apparently Obama does not believe that that we can NOT have a thriving Wall St. when Main St. is suffering. What is interesting to note is that this speech was delivered Friday where the market action was peculiar at best. Stocks were in a hole all day and finally went into positive territory at around 3pm, suddenly within an hour the market shaved off all of it's gains. This kind of action can certainly be attributed to profit taking before a weekend, perhaps the Summit was spooking people - or maybe it was this beauty of a speech. You see, when half of the working families in America have a 401k retirement fund - a thriving Wall St. ensures that Americans can retire peacefully. A thriving Wall St not only helps companies tap into funds, but also puts money back into the pocket of Americans. Lastly and most importantly a th...