They panic enough primates to sell it reaches the point that the non-monkeys come in and buy stuff cheap.”

Funny you should say that, beacuse I have pondered it myself. While I don’t think the S&P will actually go to zero, why couldn’t it approach ridiculously low levels of valuation and many component stocks go to zero if they have zero value? Stocks are called equities, as they represent equity in firms…like the equity in your home. Just as homes can be underwater and have negative equity, stocks can have negative equity and eventually, markets realize this and the stock trades to zero (Enron, WorldCom, Lehman, etc). They never go negative, though they likely at that point have negative equity. Assets equal liabilities plus equity…the financial companies are proving to be such a black hole that for all intents and purposes the S&P is heading toward zero…where it does finally bounce, I wish I kew. I would have to know what is hidden on every balance sheet and what is hidden in the Cayman Islands, and what other ponzi’s are out there…there is no way of knowing that…the SEC has ensured we do not have access to all the correct data.

http://www.newsmeat.com/media_political_donations/Jim_Cramer.php

And this is just out of pocket…doesn’t cover donations (unreimbursed of course, because that would be illegal) that he might have encouraged from staff, family, traders, etc.

Where did the love go? Well, he does have a tendency to change his mind…sometimes within the same sentence.

http://www.cnbc.com/id/15840232?video=1047962861&play=1 10:28

Cant find the follow-up return of Larry, what a clown

GDP = Going Downhill Precipitously
Saturday February 28, 2009 07:10:11 EST
Feb 28, 2009 (Zacks Investment Research)

” Surprisingly, most of this drag came from lower spending on food, which subtracted 1.53 points following a 0.75 point drag in the 3rd quarter. You know things are tough when the fall in spending on food has almost as much of a negative impact on the economy as spending on autos.”

Obama is trying to remain centrist – to appease the right – and in doing so will sow the seeds of his own failure. I agree that Geitner is a terrible choice to head Treasury, but so would have been anyone else I’ve ever heard of. The Captains of Business and Government are who steered us here – can you imagine the uproar that would have ensued had he chosen Roubini or Ritholtz?

Honestly – who among us would support or condone the radical overhaul of our government and economy by this man? Heads, he loses – tails, he loses.

In the end, we have made our own bed. We elected men not interested in supporting the middle class (created, in the largest part, by FDR, BTW), and who assured us that we would be well served by the greed of and our subserviance to those who wear the golden parachutes. We allowed our Constitution to be weakened incrementally, all the while being assured that it was “quaint” and no longer applicable to, or essential for, our pre-ordained, manifest greatness.

There is a chart currently posted around the internets tubs, which clearly illustrates the growth of deficit spending under Republican administrations and shrinking of that spending under Democratic administrations, yet the great “truth” that had been foisted on the common man is that the opposite is certainly true.

As your thirst for economic relief grows to the point of being intolerable, remember that it was the men you invited to the party who drank all of the punch, and who then relieved themselves in the community drinking well.

http://www.nytimes.com/2009/02/28/business/28citi.html?_r=1&ref=business

Latest Citigroup Rescue May Not Be Its Last

When we have the Japanese Zombie model to go by, then our own supposedly rational government is now writing the manual on how to build a Zombie, it gets frustrating to those of us who have to suffer the governmental idiocy time after time. But also frustrating is the “two-fer” aspect of this…that if this doesn’t work, in addition, we get onerous debt that will cripple our future as we try to pay it off…

There is always hope:

http://www.marketwatch.com/news/story/Overall-market-remains-above-November/story.aspx?guid=%7B53B4E4AF%2DDE56%2D44E2%2DADEB%2D4EB55EEC7697%7D

MARK “NO TOES” HULBERT
The bullish case

They panic enough primates to sell it reaches the point that the non-monkeys come in and buy stuff cheap.

And that is always a key trading question — are you a panicked monkey or not?