THEY STILL DON'T GET IT

Wall Street still doesn't understand that Middle America is disgusted with corporate insiders who will not accept that Middle America thinks they have have been grossly over compensated; especially since they put getting bonuses ahead of common sense prudent practices. Middle America is not alone in this conclusion. Major investors like T Boone Pickens and Carl Icahn have been complaining about management practices that did not benefit shareholders for at least a decade while being portrayed by the Wall Street finacial press as villians.

I suspect that it is going to take a near total rejection of the stock market by investors to force the needed changes in management practices and compensation; possibly forcing the DOW as low as 5500 before they accept that it can not be business as usual in the future.