Joe Granville made a major bear call today, saying he expects the Dow to be down 4000 points by the end of the year, with the decline starting about now.
I can sympathize with a bearish outlook for stocks based on the economic fundamentals and the earnings reports so far.
The Fed will announce the results of their January meeting on Wednesday.
Tomorrow is the State of the Union message. I will not be able to fly in to Washington and spend the evening at Bullfeathers or The Palm as in the past, alas, sharing gossip and conviviality with old friends amongst the staffers and assorted beltway denizens. This is always most enjoyable in an election year.
The silence on MF Global is deafening.
Still running short stocks and long bullion.
The Ballad of the US Economy and Financial Markets
