Cash is king, except when inflation kicks up. You describe a scenario for rampant inflation. But right now I agree with you, we're in the Mad Hatter's TeaRoom, and the Centipede is the only happy one, and only because he's smoking something good.
Money management has turned into panic, and when everybody is panicking, it's hard not to join in. I have started to sell my remaining stocks with any resemblance to a gain today, and at least I don't feel so exposed. The other shit will go thereafter. This truly sucks.
Steve, Ken: good luck, you called it right, you saw the doom coming from way off (yea, right). Buddy, can you spare a dime? (i.e. please go away now, and enjoy your cash before it inflates on you).
P.
(Edit: It's been good debating with you all, but personally I've had enough and will be joining JC in the bit-bucket). |
