The Election Rally failed on Wall Street... So now it's time to give back some of that run up.
Interestingly, the Street is not wasting any time on this...
Gold and Gold Stocks soared today...but why? Well, gold should have been soaring all year,...based on our macroeconomic situation...but there was a huge over-reach this spring...when gold became a "no brainer"...and the smart money "discovered" gold.
My hunch is that the "divided" Congress will cause the fundamentals to be more important now.
For a while there it looked like Dubya & Co should sell sand to Arabs and Ice to Eskimos...and Rove was the world's greatest political genius...
Well that ended on Tuesday!
WATCH FOR MORE EMPHASIS ON THE "REAL DEAL" AND THE MACROECONOMIC OF THE SITUATION... THE DAYS OF HYPE AND FLIM-FLAM ARE OVER....
PEOPLE WANT TO KNOW WHAT'S REALLY HAPPENING... NOT THE BULL SHIT COMING OUT OF WASHINGTON AND WALL STREET...
BUT CAN WE REALLY STAND A HARD LOOK AT THE FUNDAMENTALS...?
I DOUBT IT....
