Ship of Fools

(1) Break dancing. (2) Working on an “orderly default” plan. (3) Clueless passengers on a sinking ship. (4) Was that a bottom or a hook? (5) Emergency meetings are bullish until further notice. (6) After second rescue, Dexia is now just a “bad bank.” (7) Is all that really reassuring? (8) Bull/Bear Ratio under 1.0 for a fourth week. (9) Real GDP should be up during H2 despite alarmist leading indicator. (10) Autorelated stocks should outperform when the bull starts charging again.