Jim, two points. One, you are comparing an extremely bad last year with much better results this year, so while impressive, not as much so as if last year was a good year. Two, why do you see a correlation between unemployment and housing? You doubt the unemployment figures because housing is better? Couldn't be that t...more

Apparently literacy is also a problem. "Our" not "Or". "is being" not "isbeing". "done" not "doen".  The biggest problem in the US is accountability or the lack of it, by (a) Government, being allowed to print money and drive the nation into further debt and (b) the banks being allowed to loan more money than they have...more

The US Government gave the Fed too much power. They loan taxpayers money to the banks at low interest and the banks loan at high interest back to the taxpayers and overseas and greed prevails. And then Government bail out Wall Street and the banks with more taxpayers money and the nations debt increases. And Government...more

Anthony don't you think it would have been better if Greece just got out of the EEC? Sure market crashes would result but they would rise again. I bet Merkel would very quickly rethink the entire EEC which lacks leadership, direction, unity, not to mention a central bank. The Greeks will ask for more and Merkel will re...more

Yet another reason why no-one should trust the markets nor these banks. Their ratings do down, their share prices go up. Makes sense. Europe is crumbling, even Germany now and US banks buy billions of Euro (read JUNK) bonds. Makes sense. GS publicly say BUY and privately say SELL. A rebound rally? Is that supposed to b...more

Perhaps Obama will jump in and save Wall Street again, some more votes needed. Perhaps he should try saving the Doc who helped him id Osama.

Anthony you are a trader, so keep on trading. Gold and silver look good bets as economies crumble.  I am out completely because like many others I have no confidence in Wall Street any more and I see the Greek exit having a bigger hit than we have seen so far. It is not in your interest nor other traders to advise your...more

Randall, agreed. In fact GREED is the motivator on Wall Street. Ok everyone wants to gain, but these investment banks car more about what they can make FROM people than for people. The use futures and shorts to drive the market in the direction they want it to go and they use default credit swaps as further gambling in...more

shouldn't you wait till the end of the day? Dow is back in the solid red!