Reflections (The Return of Mark To Myth)

Now, instead of marking to market from REAL trades, they say those prices are “myths” and represent not the true nature of the prices of those securities, as they were the result of FORCED liquidation and margin calls. Now white is black and black is white as we move further into the lands of George Orwell and his prophetic book 1984. By moving this back to marking to myths they have RESTORED billions of Dollars to bank and financial balance sheets with the stroke of a pen, if not in reality.

In conclusion: NOTHING has changed, not one thing. When the main stream financial media advertises the views of the main stream banks and brokers, understand they are setting you up for a haircut and they are the barber fleecing you like a sheep. These people deal in the land of paper and paper is in a bear market and will remain so till this “Crack-Up Boom” runs its course. But they still must pretend that their decades in the sun (1980 until just last year) have now run their course. Their customers are in for a rough ride as they follow their investment advisor’s guidance to their demise.