If you can stand it, here is the Bloomberg Radio interview with everyone’s favorite Goldman “strategist.”

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Reuters

The winners are those groups that have fallen the least since mid-January, somewhat adjusted for their potential to decline. I view these as the least prone to violent snap-back rally right now, so this is where I am adding, conservatively, to my short portfolio:

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Losers
Materials are among the big losers so far. Commodities have a tendency [...]

Hat tip Evilspeculator
They counted 48 vacant properties (I presume mostly street-front) from 59th to 14th Streets on 5th Avenue in Manhattan. I don’t have any stats to compare this to, but it is clear that times are not so good for landlords (and their banks) in NYC. I used to live on the same block [...]

Mish has composed a detailed post on the many ways in which the vociferous Peter Schiff has been dead wrong on just about everything in this crash (the two actually had a little debate in December 2007). Mish’s post is essential reading for anyone who is considering following Schiff’s investment advice. In his own way, [...]

The markets are experiencing a bit of a thaw today, with the memory of panic several weeks behind us now. The VIX has just broken decisively below 40 for the first time since September. Treasury yields have broken out just a tad from their extreme lows. Oil has jumped back to the mid-40s, copper has [...]

Bloomberg columnist Jane Bryant Quinn reports that most financial planners still view stocks as the cornerstone of a retirement plan. An informal survey of planners showed overwhelming support for an equity allocation of 50-60%, although many have a new found respect for cash.
It still sounds as if most financial advisers are pretty worthless, just dishing [...]

“Even Hitler got whacked in gold stocks”

Gold fever
Retail investment demand for gold (and silver) has exploded since this summer, even as the exchange price has fallen well off its highs. Coins and small bars have become unavailable for sale anywhere near the spot price. Even Krugerrands, of which 46 million ounces exist, are fetching a $100 premium on Ebay.
The largest bullion [...]

This bubble was so extreme by any standard but Tulip Mania, that even after a 40% fall, the exchanges are full of junk stocks priced to go down another 40-100%. Where are the earnings? Where are the dividends?
Here are some prime examples:

Home Depot. How on earth is this company supposed to make money in the [...]

This is why everyone needs to be extremely careful about their brokerage, banking, counterparty and business relationships. What would a bankruptcy of any of these entities do to your finances? From Bloomberg:
Lehman Won’t Return Prime-Broker Assets for `Months’ (Update2)
By Tom Cahil
Sept. 22 (Bloomberg) — Lehman Brothers Holdings Inc. will take “considerable time” before it [...]