They said it could never happen again!! But stocks are not green...

And Nasdaq is red on the week, spanked by NFLX...

Damn It Janet! Do Something!!

This is a pretty sobering piece by Neal Gabler, a well-known and respected writer of serious books, who confesses that he and his wife are pretty much broke. And they aren’t alone. Excerpts:

The Fed asked respondents how they would pay for a $400 emergency. The answer: 47 percent of respondents said that either they would cover the expense by borrowing or selling something, or they would not be able to come up with the $400 at all. Four hundred dollars! Who knew?

Well, I knew. I knew because I am in that 47 percent.

Submitted by Michael Snyder via The Economic Collapse blog,

In mid-January, world-renowned Dennis Gartman proclaimed that crude wouldn't see $44 again "in my lifetime."

That could be problematic...

Is anyone offering short-dated CDS on Gartman?

All that hackers need to listen in on your phone conversation or to read your text messages or to track your movement is your smartphone number. The Daily Mail reports: They can do this by exploiting a flaw in a global telecom network called Signal System 7 (SS7) that helps phone carriers across the world route calls and texts. Now, a 60 minutes investigation has revealed just how easy it is to exploit this vulnerability, and according to experts, all phones are at risk.