TWO within the last month in this neighborhood.

Major investors announce today that the safest investments will continue to be utilities and health care. These are the two final sectors that haven’t been exploited, leveraged, cheated and caused to fail yet (Enron was Energy). What does that tell ya? Once health care and the energy cost/market become so corrupted that they fail as the banks, insurance, car manufacturers, airlines etc. have failed the entire thing will fold. Health care reform will not create GDP. No one can expand.
There hasn’t been one positive thing in finance today. The market going up is such a fucking smoke screen. Everyone that has made report today sound like they are in “dont panic” mode. Somebody better panic. I obviously cant do shit from where I am sitting.
Unemployment is the biggest prob we have says Robert Toll today. He is a housing market guy. (TOL: 18.20 +0.27 +1.51%, vol: 2,843,472) Him and the rest of his market need to re-correct themselves to where a house actually cost what it is worth. Nothing is worth shit anymore so lets act accordingly.
Warren Buffet on the tube sometime earlier today sounded like, looked like and acted like he is gonna die tomorrow because the market will not be recovering within his lifetime. I wouldn’t be surprised one bit.