It seems as if we have re-entered the bizarre world in which every piece of news must be interpreted as being bad for equity investors.

While many are focusing on the infamous bankrupt entities as the primary culprits for the market losses, once must recognize that several companies that have not been besieged by fraud allegations have also lost billions in value.

If powerful upward earnings estimate revisions have not been able to drive equity prices higher, we suspect that downward momentum in such estimate revisions may cause further stock market weakness to emerge in the next few months.

It's a window into an extremely bizarre world.

The bizarre world of cards [is] a world of pure power politics where rewards and punishments [are] meted out immediately.

No, I don't really watch the news. In some ways, I'm very unaware of the latest happenings in the world. I kind of leave it like that because sometimes it's better not to know.