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Richard's Remarks


I can't believe I'm saying this, but I really feel sorry for the bears. First, they rubbed their hands together in glee as they waited for the roof to cave in via the fiscal cliff. Nothing happened. Then they got excited over the sequestration menace, and again nothing happened. Cyprus came and went, so what's left? Oh yes, the debt ceiling -- which, if it isn't lifted, should collapse the economy.


I just received a pamphlet from Porter Stansberry, which is so bearish the cover of the pamphlet warns in large red letters, "WARNING: What you are about to read is controversial. It may be offensive and disturbing to some. Reader discretion is advised." Mr. Stansberry has posted his dire warnings on the Internet under the title "End of America.” Watch it if you want. It's interesting.


Then ex-budget director David Stockman predicted doom in a New York Times editorial.


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