In a moment, I will tell you exactly how you can make some heavily leveraged gains as the stock of Capital One plummets.  But first, here’s an interesting true story.

What a wonderful time to be alive! Never has it been easier to feel superior to our fellow man! So many dopey ideas…so many preposterous delusions! So many fools…so eager to part ways with their money!

The rally is on! The Dow rose another 246 points last week. Enjoy it while it lasts…but keep those trailing stops tight. The “End of the Rally is Nigh,” says Barron’s.

Another day…another bailout…another rally on Wall Street… And another milestone on the road to ruin.

Our elected officials appear to be working overtime to destroy the freedoms that make this nation great. This time they are messing with the real estate market. The federal government is doing everything it can to blur the lines between government and business.

Consumer credit could be the next “aftershock” of this financial crisis, says Jason Simpkins. Banks have suffered big losses on mortgages, and are now looking to reduce their exposure to credit card debt. This could be the death knell for the American consumer, and deepen the US recession in 2009.

NBER: U.S. in Recession Since Dec. 2007; Fed Reserve Could Buy T-Bills; JP Morgan Sees 0% Interest Rates; Pilgrim’s Pride Files for Bankruptcy Protection; Consumer Credit Crunch in the Making; Crude Slides on Recession Outlook; J&J to Buy Mentor

What will Paulson say?   Dollar remains well bid…   How long for Safe Haven buyers?   G-20 Schmee 20! And Now… Today’s Pfennig!

Data shows just how bad things are…  Trade deficits narrow…  EU confirms they are in a recession…  RBA intervening again… And Now… Today’s Pfennig!

Fisher talks tough… GDP revision today… A$ remains resilient… Norges Bank keeps rates unchanged… Sounding Like A Hawk…