Hello energyplay, <<So this is the cusp, the change in direction. … a growing world economy>>
If I subscribed to your Script, which I do not, I would be edging into US cyclical stocks, perhaps by shorting puts, or by going long equities, exiting non-USD currencies in favor of USD, experimenting with US real estate, and doubling up on my Japanese Yen loan.
Since I do not believe there is a change in direction other than a substantial dead-cat bounce, I am not even remotely contemplating any of the above courses of action.
I am concerned that, whereas I used to think I am an agent with free will, and that my gains come from anticipating the outcomes of Greensputin’s actions, I may in fact be a mindless sheople, driven around the financial-scape by the consequences of Bernankaput’s manipulations, edging ever-closer to the point of no return or negative return, to be finally sacrificed to the god of wealth.
Do not tell CB about this article by N*land prudentbear.com (go to the speech which starts in the middle of web page).
I am not an expert to either validate or refute what he wrote, but I have an odd feeling of … well, something akin to recognition of possible truths concerning “The Way We Were” and “The Way It is Now”.
Reflecting on your analogy of automotive engine and consequent motion, I suspect the sequence of happenings may turn out to be: engine management fries, radiator boils over, block cracks, cylinders seize up, breaks fail, motion down hill on gravity assist, fuel catches fire, and service cost will be prohibitive.
Chugs, Jay |
