Spinning Out of Control?

(1) Lowering our yearend S&P 500 target to 1150. (2) Rising risks of recession in Europe. (3) Still underweighting Financials and overweighting Energy. (4) Watching gold and the US dollar as indicators of out-of-control governments spinning out of control. (5) Is the Euro-Mess spinning out of control? (6) Blaming Paul Samuelson for all of our problems. (7) Macroeconomists are dangerous. (8) If at first you don’t succeed, do more of the same. (9) ARRA-Lite. (10) No soft patch in China. (11) “The Guard” (+ +).