First Trading Day in August, Dow Down 10 of Last 15, But Up 3 of Last 5, Russell 2000 Up 6 of Last 8

But the big firms have a fiduciary obligation to their shareholders, not their customers.

“In music, you can get better and better, but you can’t control what people want to buy.”

Regular people like it when a professional speaks with certainty about future events

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Calm down.

What did you want Bernanke to do?  Flood the bond market with cash once again?  Push Treasury rates below 1%? For what?  Record low mortgage rates and cheaper-than-ever borrowing costs mean nothing in the absence of demand. liquiditytrapbalancesheetrecessionsecularbearmarketdeleveragingcyclepostcreditcrisisrecession depressioncompression You wanted the Bank of England to cut rates from 50 basis points?  Expand their bond-buying…

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The Street circa 2012 is littered with the corpses of once-great careers and the egos of many a one-time guru.