Sputnik Moment Lost in Space

The State of the Union Speech on Tuesday was a fail. Simple as that.  No great political pairings, no super great outfits and worst of all, no great speech.  Obama's speech was pure hubris.

"Sputnik moment?"  Please!  Put it this way, not even the markets believed Obama would do much of anything in the biotech, alternative energy or infastructure space.  These sectors performed very "meh" following Obama's rhetoric.

Here's what I think -- I think what Marc Faber thinks:

Yes, very depressing.