8 MAR 2011, Tuesday (AM)

• Above, is a great book for financial history geeks.
• This is where the historical average market performance after credit crises came from (bottom...disregard the you are here X as we're still in the upswing apparently).  
• Professor Ken Rogoff (Harvard School of Public Policy Research) describes in his new book, This Time is Different: Eight Centuries of Financial Folly, sovereign defaults tend to follow banking crises by a few short years.
• Anyway...Beware the 4 most dangerous words on Wall Street..."This time is different."
• Current market?  Big bull-bear fight in this area as the sideways continues.