I’ve read some comments on yahoo about margin debt (some positive), but as a card carrying member of the joe six-pack club I have to say I’m still surprised by the one thing the market responds to: comments by the fed.
That seems to be the only meaningful ‘data’ point these days.
Now more than ever I am convinced this economy is heading for a collapse/deep depression. I’m not exactly sure of the timing, but the event horizon can’t be far.