Scott,
Could we talk about something more pleasant: Gold declines, oil flows in rivers, grains in decline, interest rates low, all things are cheap!! One exception, and that is securities! They are still precious, but have had a small decline. Actually, the S$P is in a toppy trading range. Dollar drops, yen and mark go up, gosh who could make sense of all this. Canadian dollar down with the dollar and the Australian dollar. T-bonds down with the dollar. Copper down today also. Soyabeans up, but bean meal down and bean oil up. Silver down, and palladium and platinum waiting for the Russians.
Gosh, I hardly know what to do or believe. FOMC did not send out any lightning bolts today, so all is well, perhaps.
Me, I am looking for a flight to the downtrodden gilded oils and golds for most of my money. Certainly, I am a very foolish and unsuccessful person, and I advise no person to follow me. My views are certainly loner term, and I advise no person to follow me!!
Time frame and timing are certainly critical, but at this point, I am looking for value in downtrodden basics!
Crazy, Jack!! |
