OT: No doubt. There is a long history of this, as you know patron. We are following that history, with a few modern twists, but it is the same plot.
It will help, in spurts, as it always does, but there is only a rock to the right and a hard place to the left.
The puts they are putting under this market are extraordinary. How it has not yet sent the dollar into decline is a tad surprising.
Let's get back to basics, back to what we talked about this early summer -- that the economy would slow down, in tandem with credit bubble bursting. This is happening. Remember all searching for bull markets:
1) Don't worry, go global. Nope.
2) Don't worry, go with oil. Nope.
3) Don't worry, go with commodities. Nope.
4) Credit crisis is localized -- sub-prime problem. Nope.
5) Credit crisis is an American problem. Nope.
and so on...
On a personal level, this market now has been a true casino for a while now. I am content to be on the sidelines for now. |
