“Middle-class America experienced a lost decade in their retirement accounts, whereas executives enjoyed record compensation packages through the subterfuge of stock option programs. There has been a massive wealth transfer from middle-class America’s retirement accounts to the bank accounts of the privileged few. The social consequences of this wealth transfer bear scrutiny.”

-Albert Meyer, Bastiat Capital (NYT)

Chartz And Table Zup @ www.joefacer.com

Read 'em and weep.....


http://www.msnbc.msn.com/id/21134540/vp ... 4#42614744
http://www.rollingstone.com/politics/ne ... 411?page=1
http://www.ritholtz.com/blog/2011/04/ta ... xecutives/







Tuesday's Links

http://www.nytimes.com/2011/04/19/opini ... .html?_r=1
http://www.ritholtz.com/blog/2011/04/co ... eeloaders/
http://www.theatlanticwire.com/politics ... thy/36755/
http://www.ritholtz.com/blog/2011/04/sp ... or-resign/
http://www.ritholtz.com/blog/2011/04/st ... al-system/
http://www.ritholtz.com/blog/2011/04/ta ... -for-rich/
http://www.independent.co.uk/news/uk/po ... 69610.html





The first couple of days of earnings releases gave us some so so reports that the markets did not like. Tuesday we got some better ones. We will see what the market sez Wed...

I reduced my exposure markedly as per the table above; 75%/25% money to stocks. It is a conservative allocation but not as defensive as I would be if not for rapid trading restrictions. We will see what tomorrow may bring....

Much Bigger Than Any Issue With Our 401a's.

http://www.marketwatch.com/story/10-doo ... 2011-04-19

"When the facts change, I change my mind. What do you do, sir?" --John Maynard Keynes

Wednesday Action looked good. I changed my mind about risk and added to my stock position at the end of the day.....

Stay tooned...