The stock market is in some ways is as much laughable as it is sad. It kind of reminds me of "A Drunken Death Row Inmate", one that makes no sense as it babbles on, and while you know its days are numbered, it continues to receive numerous stays of execution.

I suppose the Plunge Protection Team could prove us wrong and prop up the stock market throughout the bursting of the real estate bubble. But, I can assure you the liquidity being added to the stock market is not from investors who sold real estate to buy stocks. What we are witnessing is short covering, hedge fund covering, and cash from the sidelines of investors who are afraid they missed the boat.

The boys at the Big Picture (www.bigpicture.com) did a good job of dissecting the GDP numbers released last Friday. As you get to the website, scroll down to the article entitled "Actual GDP: ~0%."