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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 414.48+0.7%Jan 9 4:00 PM EST
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To: TobagoJack who wrote (46530)2/17/2009 7:03:46 PM
From: carranza2  Read Replies (2) of 219223
 
lots and lots of lessons

One would hope, but it would be to hope against hope for the S&L crisis and LTCM were lessons enough but were quickly discarded for there is no better drug than a good old fashioned mania.

Even the Choreographer of Chaos, Mq's beloved Sir Greensputin, KBE, should have learned for he was at the table when LTCM threw a glob of brown smelly stuff at rapidly whirring turbines.

He was mesmerized. Drugged.

Now Oh!Bummer seems to be ignoring Volcker in favor of Geithner and Ben "One Trick Pony" Bernanke.

Those without gold and cash and Treasuries are doomed.

I'll probably be getting rid of my TBT tomorrow. No loss, no gain, but it is quite obvious that it is too early for that play. I will definitely make it later, however.
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