Friday, January 12, 2007

NO END TO MARKET JOY...

Just as long as the markets don't go up so fast that the ordinary retail sucker can actually take money out...things will be OK.

The markets now are really crash-proof...with the FED and the big brokers and banks always hovering looking for any sign of weakness... The Dow is really an interest bearing bank account now...all the guess work has been taken out of it...

Yes there will be thrills and spills along the way...but the markets will mostly just track the economy with perhaps a one or two percent advantage...to reflect their "protected" status in Washington and on Wall Street...

IN SHORT, THE DOW WILL NEVER DROP MORE THAN 150 POINTS AGAIN....

AND ANY DECLINE OF 100 POINTS (PROBABLY TECHNICAL) WILL ALWAYS BE MET WITH JOY AND FRENZIED BUYING THE NEXT DAY...

Yes the dollar will continue down...so the gains won't be "real"...and gold will go up to reflect the dollar's decline... Oil will be highly managed, like the markets, and will not be a drag on the continued inflation of asset prices.