We've been buried getting the course ready and finishing the Rule #1 tutorial videos. Give us a few more days to get them onto www.ruleoneinvesting.com and set up permissions for all of you who are attending the course. We'll shoot you an email when the tutorials are ready for viewing.
Meantime, beware this market. The underlying fundamentals are improving for the moment but sometime in the next couple of years the insane debt we've created to avoid the pain of bankruptcy for the rich idiots on wall street and the bankers who made such a pile of stupid loans - all the cronies of the last several Presidents.
The horror of this policy is that its being done in the name of protecting the little guy but its the big guy who doesn't have to give up his home in the Hamptons and its the middle class firemen and school teachers, who are going to pay the price. These Harvard clowns have purchased a huge pile of irredeemable debt and the only thing they can do with it is monetize it by printing money. It is all Bernanke knows how to do. Granted, it might have saved a freeze of the entire financial system but we're way past that. Now he's trying to save every bank that ever made a stupid loan.
Maybe Big Brother feels guilty for demanding banks drop their lending standards but I doubt it. I think they know who butters their bread and are acting accordingly. For them its a no brainer: pander to the firemen and the teachers by talking up unions but save the Big Guys by loading them up with money the unions are going to have to pay for by higher taxes in the form of insidious inflation.
It is coming. I just don't know when.
Now go play.
