Ouch

The Dow is down almost 800 points this morning on news that Greek government employees are violently rioting at the prospect of taking pay cuts in order to keep the country from going bankrupt.

Government Motors

I sold all of my stock in Government Motors today. I had bought a few hundred shares very cheaply a few weeks ago on the gamble that somehow the government wouldn’t %@#* things up. I obviously had too much faith in those people. On a bright note, TiVo stock did well today on news that they won their lawsuit against EchoStar. So it was not a completely dark day where my portfolio is concerned.

Tomorrow may be darker as we learn more about Obama's outright theft of a multi-billion dollar, once great company. Now we get to watch Ford and Toyota fight it out to become that largest car manufacturer in the US.