Confusion is the order of the day.
The ongoing massacre at Fallujah will defeat Bush in November, even
if the economy is "strong."
The Iraq War is lost. And, the Pentagon's "spin, spin, spin" will
peter out in a few more days.
And the Markets are massively confused about interest rates now.
Clearly, rates are too low; but if rates are raised, MANY WILL LEAVE
THE MARKETS ALTOGETHER FOR THE SAFETY OF BANK DEPOSITS!
Everyone knows that the Hosannas about the "booming economy" are way
over-done. In fact, much of the recent "boom" could disappear as
quickly as it appeared with just a few key data points.
WORSE, THERE IS NO LOGIC IN THE CURRENT TRADING;
EVERYTHING CAN BE ANYWHERE AT ANYTIME!
IF THE MARKET HATES UNCERTAINTY, IT HAS IT IN DROVES NOW.
PERHAPS THINGS WILL "SETTLE DOWN" EVENTUALLY. PERHAPS.
BUT THERE IS ALSO THE STRONG POSSIBILITY THAT THINGS WILL "SPIRAL OUT
OF CONTROL."
EVERYTHING IS IN A STATE OF "FALLUJHA" NOW!
ANYTHING IS POSSIBLE IN THE COMING DAYS.
P.S. My hunch is stick with hard assets and cash. Avoid any need for
a "leap of faith" in the coming weeks.
