Nice picture, kind of like goldilocks and 3 bears tale -g-
Sinclair seems to think stocks will always
be saved at the expense of the dollar, which makes him very
bullish on gold. It seems to me we
have reached a critical junction here. It's either stocks or
the dollar now. The longer the Fed waits with the next
big monetarization, which has not started yet, as of today,
the higher the probability that any rally, while sharp and
scary for the bears, will prove to be a bull trap as the temps
expire. On the
other hand, if they do go to the back room again, I would
expect 80 support for the dollar to fail. The Fed looks frozen
and scared like a deer in headlights -g- Still can't believe
what a parade of officials we had last week over a 5% decline -
Bernanke, Paulsen, Bush and all his economic edvisors. All the
King's horses and all the King's men. Geez! Something must be
seriously wrong out there, somewhere. I guess if the Fed
does print, the market could react by seriously selling the
dollar, and then everything else -g-
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