This piece focuses on history, the role of government, the rule of law, and again on his own plight.
Again he states that the DOW will rise to 30,000+, but it will be on the back of a loss of confidence in government, a loss of confidence in the currency, and an eventual shift back away from the government to the private sector. I know that’s very difficult to see right now, but perhaps that may occur as a backlash to current events. He would contend that’s it’s a part of the cycle.
Hey, now you know where your weekend reading’s coming from!
The Market Ticker - Dickie Fuld: Go F Yourself
30 minutes ago