Barton Biggs: "The Worst is Over"

(read my comments on above post as well)

Well, today was a nice day, S&P fell as low as 1138 ( which is 112 points below Barton's "low" - a LOT for SPY, really )

Is it over now? Today , even in spite of another global Plunge Protection Team actions ( no less stupid actions than usual ones - reacting to problem instead of initially proactivelly action on the ROOT of the problem)

Due to this yet another interference "Puke point" which would be confirmed today raise some questions in my mind, thou $VIX at 42 is a RECORD due to change in calcualtions back in September 2003. One thing is for certain - PPT had no choice and TODAY I don't blame them - disaster was in store.

Need to see what they are gojng to come up with and how many years will be crossed out of taxpayers lives ( stagnation?)

 DavidDT

I think the per-capita share of the bailout is bigger than my retirement savings.

I was thinking of leaving the country if taxes get too high.  Taxes higher than income would be interesting.  It is interesting that the IRS taxes world income of U.S. citizens, and citizenship cannot be renounced for tax reasons.  I guess I'd have to run away and change my name.

Short selling might bring down one stock, but not the market, market is bigger than that. Selling drives the market down, findamentals and fear do.

FED/Gov did what they had to do - this house of cards called America was about to cease to exist