Wednesday, July 30, 2008

GROUP THINK ON WALL STREET ASSURES WILD SWINGS...

SINCE MONEY IS SO CONCENTRATED IN THE HANDS OF THE FEW MEGA-RICH AND INTERNATIONAL CORPORATIONS:

THERE IS A CERTAIN TOXIC "GROUP THINK" SETTING IN...

THIS ALMOST ASSURES WILD SWINGS IN THE MARKET.... AS THE MONEY RUNNERS AND DAYTRADERS "TELL" EACH OTHER WHAT IS "HOT" AND WHAT IS NOT...

BUT, OF COURSE, THAT ALL CAN CHANGE WITH A BREATHLESS CNBC TOUT JOB AT ANY MOMENTUM...!!

I REALLY DON'T THINK THE AVERAGE PERSON SHOULD FOLLOW WALL STREET NOW...

THERE IS NOTHING OF INTEREST HERE...

JUST STAY IN INSURED CASH DEPOSITS...HOPEFULLY IN EUROS...

BUY THE GLD ON DIPS...

AND PERHAPS, BOTTOM FISH FOR REALLY REALLY GREAT COMPANIES ON INSANE DOWN DRAFTS...

RIGHT NOW... THE ONLY THING THAT'S HOT IS THE FED CYBER-CASH POURING INTO THE MARKETS...

BUT THAT IS A RECIPE FOR FUTURE HYPER-INFLATION...

SO STOCKING UP ON CANNED HAMS...AND HIGH QUALITY COLLECTIBLES COULD START TO LOOK VIABLE AGAIN...

AFTER ALL, WHY DO YOU THINK EUROPEAN JEWS GOT INTO THE WHOLESALE DIAMOND AND GOLD TRADE...? THEY LIVED IN THESE KIND OF TIMES FOR HUNDREDS OF YEARS...

BUT, NONE OF THIS IS NEW...ALTHOUGH IT MAY BE "NEWS" TO SOME PEOPLE...WHO DON'T KNOW SQUAT ABOUT ECONOMIC HISTORY...