"... a kinder, gentler New World Order." -- da bear
Does DOW 11k mean that the Great Recession is over? The bulls say yes. ... but so do the bears.
The bears say that this is a Spring 1930-style top with another great crash to come. I am in this camp. For a repeat of 1930 a spring top around now or the next few weeks will be something to look at (Sell in May, Go Away, Don't Come Back 'Til Judgment Day). June 1930 was volatile to the downside. This summer may be another bad one. A summer from hell, to hell.
The Great Recession is dead. Long live the Greatest Depression.
I coined the term 'Greatest Depression' first. Either me or Bob Chapman.
But this ain't necessarily a bad thing.
"Tell me Mr. Da Bear, what could be worse than 'The Greatest Depression?'"
Well, I would respond, "The Worstest Depression."
Now is the time to get your money out of the banks and put it into money (Fiat Paper, Fiat Metals, Physical Gold, Physical Silver), then find a hobby as there will be lots of downtime in this Great Downturn Part II.
Ask your local coin store dude about gold and silver coins.
Ask your local bank teller about change.
Call your Congressman!
Make an offer!
It's a buyer's market!
Write your Congressman
... a letter of recommendation.
... no new investment ideas today. Well, not really. A DOW below 10,250 is bad, meaning the Grand Super Cycle bear market is back. That is what Robin Landry thinks and he is a pretty smart dude.
I would suspect that Obama closes the Fiat Metals window at banks just as Tricky Dick Nixon closed the gold window at banks in the early seventies, and as FDR just closed all the damn banks in the early Thirties.
Stock up on vodka and cigarettes as these are assets in troubled times.
Which brand of vodka? Heck if I know... that is for the 'real' financial guru's to say (yes, the 'real' financial gurus are the ones who actually sent in their coupons for their 'real' financial guru decoder rings, who have performed at least 15 hours of community service, and go by the name 'Bob.')
da bear
The future of Da Bear World Order and everything after...
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Gold up around $1,150 while the DOW is currently down 63 points. Gold is having a great day while the US Dollar Index is holding its own. Very odd.
ReplyDeleteIt just means that stocks are weak and gold is strong. The dollar is somewhere in between.
We have been asking what if the dollar and gold decouple. Perhaps that is the wrong question. Perhaps the real question is "when do stocks decouple on the downside against money (cash, gold, etc.)?"
da bear
Warning: Time frames may be closer than they appear...