There's talk of a BUBBLE BAIL-OUT for those holding sub-prime mortgages... This is being touted as "saving homes" for over-extended house owners... But exactly who is going to pay for this corporate welfare in sheep's clothing...
Probably the Asian central banks...who have been financing all of the recent asset bubbles in the US...!
Gold was up nicely...but after many down days so No Joy there... Gold is still the best defense against a "big mistake" by a central bank...
And unfortunately, right now, the central banks are not on the same page about what comes next...and how, or if, we can stop it from happening.
My hunch is that the most of this spring is going to be about "defending 12,000" on the Dow...
Any "upside" to this market seems long gone...perhaps for the rest of this year.
The real question now is:
How bad will it get? And How fast...?
My hunch is: REAL BAD AND REAL QUICK...
GOLDILOCKS HAS LEFT THE BUILDING...
