GD talk picking up steam

From Bloomberg:

http://www.bloomberg.com/apps/news?pid=20601087&sid=aLURo6hlIPok&refer=home

"This is mind-blowing,'' said Mirko Mikelic, senior portfolio manager at Fifth Third Asset Management in Grand Rapids, Michigan. ``You have to look back to the Great Depression for the last time something like this happened.''

The only thing increasing in the financial markets are the number of comparisons to the Great Depression. The market is starting to capitulate to a nasty recession/depression. That doesn't bode well for equities moving forward. The opportunity to get out of long positions is shrinking. The road back to profitability through equities will be long and hard.