Improbabilities for today:

- Bernard Madoff with all your cash, but never fear – he is locked up safe and sound in his seven million dollar apartment in New York city. I am sure he can do no damage there, right?

- Christopher Cox is still the chairman of the SEC after presiding over the agency whose sole purpose is to stop $50 billion investment scams. Wait a second – did we think this was a meritocracy?

- OPEC cuts production of oil by over 2 million barrels a day and the price of oil drops $3. OPEC is in a death spiral – the lower the production, the more cheating required by those dependent on oil revenues, and this leads to lower prices. Repeat. Who loses? Anything Green!

- The UltraShort Real Estate ETF is down to $57! Geez – even its 10 day moving average is over $90. Oversold? Or does this signal the bottoming of the housing market?

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