THERE SIMPLY WILL NOT BE A DECLINE IN THE MAJOR AVERAGES THIS YEAR...
THE WEAK DOLLAR WILL BE USED TO "SUPPORT" ASSET PRICES... NET NET NO MONEY WILL BE MADE BUT THE ILLUSION OF PROSPERITY CAN BE SUSTAINED FOR A LITTLE WHILE.
IT'S ALL ABOUT SMOKE AND MIRRORS NOW...AND GETTING TO THE NEXT QUARTER...CASHING OUT...AND PASSING THE PROBLEMS TO THE NEXT GUY HOLDING THE BAG...
THE DOLLAR IS INDEFENSIBLE NOW AND IS BEING USED TO EASE THE US ECONOMY INTO IT'S INEVITABLE SECOND CLASS STATUS...
GOLD IS STILL THE BEST DEFENSE...AS IT ALWAYS HAS BEEN. ANY DIPS WOULD BE BUYING OPPORTUNITIES.
THE NOTION THAT BERNANKE COULD JUST START RAISING RATES AND IT WOULD ALL OK...ALA VOLCKER IN THE LATE 70'S...MIGHT NOT WORK THIS TIME...
VOLCKER HAD A "REAL ECONOMY" TO WORK WITH IN THE 70'S WHICH WAS REALLY..."TOO HEALTHY" FROM THE STANDPOINT OF THE WORKING CLASSES...
THAT IS NOT TRUE TODAY... THE LOOTING HAS GONE ON FOR SO LONG AND THE DEINDUSTRIALIZAION "SOLUTION" TO INFLATION IS SO DEEP...THAT JUST RAISING RATES NOW MIGHT NOT HELP THE DOLLAR OR THE ECONOMY MUCH...
