Cuttone and Co. Inc.

 Not since George Costanza was memorably accosted at his girlfriend's funeral has fear of a double dip been this close to the surface of public consciousness. Yesterday's IMF projection that the global economy contracted at an astounding 2.9% rate was a knee trembling reminder of how bad things have been and an indicator of how long the climb back is going to be. Investors reacted as if Aunt Minnie's denture cream had found its way into the guacamole and sold stocks off aggressively yesterday.
 
All of the professional traders I know have been expecting a pullback for weeks, yet lots of money

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In one of those "it can't possibly have been" moments, I read that it was 29 years ago today that Richard Pryor doused himself with a bottle of 151 proof rum and set himself ablaze while freebasing cocaine in his LA home. Even considered in the context of that decadent era of excess, the comedian's blazing streak through the streets of Northridge, California stands out as a memorable moment of celebrity notoriety. Kinda makes Nick Nolte's DWI mug shot look like small potatoes.

Investors are also asking themselves "where did the time go?" this morning as several banks appear to have been

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The media will be focusing on General Motors expected 8AM bankruptcy filing this morning, with lots of stories focusing on the fall from grace of this iconic symbol of American manufacturing prowess, but traders may not be quite as riveted by the spectacle. GM has been dead in the water for months and today’s announcement is less of a climax than a denouement. Many would argue that is the final step in a dismantling process that dates back at least to GM’s late 1990’s spinoffs of EDS, Delphi Automotive and Hughes Electronics. As emotional as today may be for members of the public, investors

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