It’s time for President Obama to concern himself with your retirement. He started it again. It’s understood that he’s going to impose restrictions on deductions from 401k’s and IRA’s, etc. It’s yet another penalty for the wealthy.
Existing home sales numbers dropped (lowest in 18 months, down 5.1%). I’ll talk about “The Greater Fool” Theory. I’ll explain it.
Our special 5 @ 2 bonus segment will talk about those 2008 minutes from the FOMC.