Many years ago – in the days when Doordarshan was a monopoly and we all sat around the family black and white TV set to watch serials like Rajni, Chhaya Geeth, and I Love Lucy – I recall hearing a joke on what may have been a Benny Hill (a UK comedian) show.

Last week was as depressing and alarming as any we’ve seen in the financial markets in the last ten years. Let’s hope this week isn’t an encore. But we’re not betting on it.

By now, I’m sure you’ve heard about the recent Lichtenstein affair. But just in case you missed it, here’s a quick summary.

I was burned out from exhaustion, buried in the hail,
poisoned in the bushes, blown out on the trail;

Different people have different styles of investing. Maybe you’re the type who likes to buy shares that look cheap. Everyone loves a bargain.

Up here in Massachusetts, I jokingly refer to the size of snowstorms by the number of baby aspirins I take throughout the storm.

It looks like the next phase of sub-prime carnage is kicking off.

As I predicted, German policymakers just announced they will seek European Union approval for a general “crackdown” on all tax havens in Europe.

You would think that an executive in charge of billions of dollars of other people’s money would be more responsible. After all, the mistakes they make could have a significantly negative impact, not only on their clients, but on one of the most vital arms of the American economy.

But common sense on Wall Street has never been overly common. And lest we forget, the yearning for the almighty buck almost always trumps logic and reasonability.

So… Clinton is not yet toast. Perhaps, she will not be toast at all. After all, her husband was once dubbed the “Comeback Kid”.