Today’s stock market activity highlights investment risk. More importantly, today’s stock and bond market numbers evidence speculation, manipulation, and avarice. I’m not suggesting that every investor deserves what happened today. Unfortunately, everyone suffers economic loss.
Market corrections affirm normal economic cycles, and severe market corrections affirm the excesses of capitalism. This time, sub-prime mortgage avarice manipulated the hopes and dreams of many homeowners.

First time homeowners were deceived, robbed, and humiliated. Today’s market pricing was not retribution. The home buyer’s who could not keep up with their inordinate mortgage payments will never forget. Most of the sub-prime sales force doesn’t care.

You can read the rest of my “Stock Market Hangover” comments here.