AAPL weighed heavily on tech today as analysts reports sparked profit taking.
More fiscal cliff boogie woogie. This is likely to continue until December 21.
FOMC meeting next week.
"Bigness has a charm and a drama that are seductive, especially to politicians and financiers; but bigness promotes greed, indifference, and damage, and often bigness is not necessary. local economies are being destroyed by the 'pluralistic,' displaced, global economy which has no respect for what works in a locality. The global economy is built on the principle that one place can be exploited, even destroyed, for the sake of another place." Wendell Berry
The Banks must be restrained, and the financial system reformed, with balance restored to the economy, before there can be any sustainable recovery.