That stupid bitch on CNBC, Maria Bartiromo, is still trying to make guests answer the question, "What are you buying? What are you buying now?" And she hammers people. I hope by now that nobody takes her as an even remotely serious person.

Late: Markets up in Early Europe trading. Consensus opinion--I know, a month ago it was everything is fine---is that governments are now doing the right things, they have the tools, the knowledge gleaned from studying the Great Depression, and the will to act. It's still the lending, stupid and that fucking LIBOR is still over 5%.