- So, I'm home. Have Bob Brinker's radio show on. He's not talking much about the stock market, per se.
- Iceland goes bankrupt. The country cannot pay back its external debts, and the Icelandic currency, the krona, has become essentially valueless in the rest of the world. That means the country can no longer pay for imports.
- Here I sit in CA, where Governor Arnold says the state doesn't have money to pay its bills and needs a $7B loan from the Feds. Tax revenues will be down here, as we rely on the rich to pay the bulk of the taxes. No gains from stocks this year, and taxes from real estate will be down as property sales slow and values plummet.
- Michelle Malkin has a blog entry up asking for feedback on what you're doing now, buy, sell, hold, panic... Just holding on and continuing to dollar cost average in. I certainly missed this bear market and have ridden it down. I've also done some tax loss selling and rotated into like-kind things. Will need the tax write offs once Obama gets in there and raises taxes on the middle class!
- Largest Bond ETF now trading at a discount. The world's largest bond ETF, and one of the largest ETFs overall, iShares Lehman Aggregate Bond Fund (AGG), is trading at a 8.9% discount.
- John C Lee at the Trading Goddess website with the greatest market crashes in history. Worth a look for the pictures. Winks.
- Sentiment survey roundup from Trader's Narrative. Nice. Of course, despite the overwhelming bearishness out there, the first line on Barron's cover this weekend asks if this is the bottom...
