- $C (Citigroup) was the government intervention du jour that sent the market down today. Citigroup Inc. agreed to turn over a big piece of itself to the government, a move that fanned worries that other banks would facecrippling trouble with bad debt.
- What else didn't help? $GE. General Electric Co. slashed its quarterly dividend by 68 percent. I have to hand it to Gary Kaltbaum who on his radio show the past few months has been predicting single-digits for $GE and also dividend slashing, even though chairman and CEO Jeffrey Immelt said he wasn't going to. Oopsie.
- I remain long as we cruise into March. Yes, taking a beating but mostly in the Nasdaq. It's been a lighter beating. Thoughts are that we're retesting the lows still. No reason to panic here, and believe that we may see a pretty big rally soon. Then it will be time to decide what to do. Not here.
- Rosy scenario or the audacity of hope, from Greg Mankiw. Obama's team predicting higher growth than private forecasters.
- Yes, that's Freida Pinto from the Maxim cover shoot. Nice. Wearing an oversized sweater and little else (save the seductive, six-inch black heels), Freida's expression is deliciously ambiguous, a mix of naughtiness, playfulness and something else that's impossible to pinpoint but easy to love. Easy, Breezy, Beautiful.
- From Larry Kudlow, Obama declares war on investors. Let me be very clear on the economics of President Obama’s State of the Union speech and his budget. He is declaring war on investors, entrepreneurs, small businesses, large corporations, and private-equityand venture-capital funds.
- I dunno, Larry. I don't think Obama believes that's what he's doing. It certainly seems like it. The Democrats have been outstanding at ostracizing the "rich" for all the nation's ills. While everyone knows it's all George Bush's fault!
