Let's Do it!

Bulls still have a chance. treat50 mentioned Walker to me.

Interesting writing. 12/28 Walker commentary: In 1929 the stock market crashed, but that was also the year that the University of California, Berkeley lost the Rose Bowl. Believe it or not, the college named their team the Golden Bears. On January 1, 1929 the Bears faced the Georgia Tech Yellow Jackets at the Rose Bowl in California.

During the second quarter Roy Riegels, who played center for the Bears, intercepted a fumble 30 yards away from the Yellow Jacket's end zone. But Riegels became mixed up and began to run in the wrong direction. He ran the football all the way across the field towards his opponents goal. A member of his team ran to warn him, but by the time he caught up with Riegels, he was being tackled at the 1 yard line by the Yellow Jackets.

He ran the wrong way, and cost his team the game. The Yellow Jackets won the game 8-7. Riegels has since been dubbed Roy 'Wrong Way' Riegels. So this football player who was a Bear, had good intentions but was running the wrong direction in order to win the game, and wound up loosing. And that is exactly what the Bad News Bears are doing right now in this market, they are running in the wrong direction. And by the time they heed the warning it will be too late, because they'll be tackled at the 1 yard line.

We continue to hear the usually trepidation by the Bad News Bears, as we learned today that new home sales plunged 9 percent last month. Now I've have been pounding away at the Bears and the Financial Media for months now, because the claims that they continue to make are unwarranted and baseless. And it's disingenuous of the Bears to tell us that inflation is out of control and that we are going into a recession, when there is zero evidence of that. It is wrong of the financial media to purposely misinform the public when they know better. They are doing a disservice to the public. I think these ill-advised Bears are running in the wrong direction and it will ultimately cost them the game.