Larry Kudlow has just said that he feels the markets are coming to a bottom. That is good news since I was quite worried that we'd see just a short term bounce followed by a long recession.

In fact, I'm absolutely certain that Larry is correct and that we are coming to a bottom. Definitely at some point in the future we will see a bottom. Thank god Larry is there to offer such sage advice. No wonder Johnny Nadler likes to quote the good doctor to back up his assertion that gold would fall to the $600's.

I also happened to like a guest on CNBC who said his advice to the next president was "Don't worry about the debt... we have to get money into the system!".... Mostly everyone agreed with him. I do too... who cares about the debt. It's more than doubled in the last 5 years to 10 trillion. So what if it doubles again? You're never going to pay it back anyways.

In fact, I think I should stop worrying about my own bills. Who cares? I would like a Mercedes! Why not just rack up the debt? Maybe a bigger house... why not? That's the way to think... just keep spending for god's sake! What are the chances it'll catch up with you in the end?