patrick.net

At these dow levels, nothing!

On Capital Account yesterday - http://www.youtube.com/user/capitalaccount?feature=results_main - they discussed the confidence crisis.

People just don' trust the Wall Street anymore.
Then you have people like Jon Corzines out there who just pocket customer's money, no explanations, no answers, no charges, nothing.

I don't understand how the S&P can be at 1400 today except that all the money out there has no other place to go. If interest rates rise so that people can just break even after taxes and inflation, I think the S&P 500 will drop by 30% or more.

All it would take is 4.5% money market rates and 6% CDs of 12 months maturity. But right now that seems impossible.

I bought TSLA recently. It's seemingly volatile but I made some money.

What about DIS? They report today after the close I think.