Even Wall Street Can’t Stand the Stench

I have my doubts that the bull market begun in 2009 has breathed its last, but in any case, stocks are likely to head lower in the weeks ahead as the political stench from debt-ceiling negotiations worsens. It’s one thing for Wall Street to pretend that our President’s breathtaking incompetence and rabid zeal for socialism are nothing to worry about. Trouble is, he’s pushing the nation toward economic Depression and political breakdown far more quickly than most of us might have imagined even a year ago.