I sent out Alerts this morning that we will be cashing out our main Virtual Tracking Portfolios ahead of what we consider market conditions that are simply too unsafe to hold large, bullish positions in.
Wheeee, what a ride! From a new low at 2,920 (down 42%) all the way back to 3,083 in 45 minutes was the close of the Shanghai Composite this morning as China's government resumed its intervention in the stock market.
So while Republicans have spent the last few months putting lipstick on the pig that is their legislative priorities, it is important for voters to remember that the softened positions these individuals are taking now don't represent a true Republican agenda.
As Detroit's bankruptcy proceedings continue to unfold, once again some creditors and commentators are arguing that the city should sell off the DIA's art collection to pay off the city's creditors, among whom are thousands of retired city workers.
In the last century, when Detroit's big thinkers first planted the "art" seeds that eventually grew into a world-class institution, could they ever have imagined, in their wildest dreams, a scenario like the LA Times chronicles?