Not even KCG, a large BX investment that is soaring, can help today. The self-fulfilling prophecy of a the fiscal cliff has our markets in a panic. Buffet explains it perfectly...the fear of businesses ceasing investing is unfounded. If they find a good opportunity, will they say "No thanks - we're too concerned about a few extra percentage points we'll be paying in taxes...we'll leave the money in the bank, making ONE PERCENT interest." Sure, that'll happen.
We are a nation of idiot and crooks. And they're all running our markets, shaping YOUR retirement.