This bear market has lots of people scratching their heads, especially the so-called gurus of capitalism and self-proclaimed Masters of the Universe (by the way, this is a great time to go back and read Tom Wolf's classic from the 1980's, The Bonfire of the Vanities, Wolf's semi-fictional work on the lives and mindset of Wall Streets super elite).

I speak with a diverse group of people on a daily basis about the shenanigans that allowed this derivatives and leverage implosion to take place; the very wealthy to the not yet wealthy, the well-educated book smart types to the cleverly street smart, and the optimists to the pessimists. One of the comments/belief systems that seems to unite all is: "These guys are getting what they had coming to them for a long while, but why aren't any of them going to jail?"

And here's the rub. There have been no indictments, no charges filed, no serious investigation, and most importantly.....no "perp walk"!

I believe that complete confidence in the ...