Has no intention of paying back its TARP money.
Will the Golden Cross be used to bludgeon the bulls or the bears, or perhaps both equally? I vote for more volatility, with the 30 level on the VIX and the 900 SPX level providing lots of gravity to whipsaw around. I will be rummaging through the wreckage of the XLB and XLE type companies, picking up spare parts to build my next spacecraft.
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Summer doldrums have set in.
good one