THE STREET IS STILL HOLDING IT'S BELIEF IN THE "BERNANKE PUT"...
THE NOTION THAT MONEY WILL BE PRINTED UNTIL THE STOCK BUBBLE COMES BACK...AND THAT IS A GOOD BET...
INDEED, THE "HUGE RECOVERY" IN BANK EARNINGS IS ALMOST SOLELY THE RESULT OF BANKS PLUNGING INTO STOCKS...WITH FREE FED MONEY...AND BENEFITING FROM THE NEW BUBBLE...
OF COURSE NONE OF THIS IS REAL...NONE OF IT IS VALID....THE STRUCTURAL PROBLEMS PERSIST....AND ARE EVEN WORSE NOW...WITH THE "NEW BUBBLE"....IN STOCKS AND IN BONDS....
ALAS, NOT IN REAL ESTATE...BUT THE HOPE IS THAT IF THE PAPER BUBBLE CAN HOLD...EVENTUALLY IT WILL SLOSH ONTO THE REAL ESTATE MARKET...
MAYBE...BUT OIL SEEMS LIKELY TO DASH THAT HOPE...SOON...
REMEMBER IT WAS $4 GAS IN THE SUMMER OF 2008...THAT REALLY CRASHED THE MARKETS AND BROUGHT THE BUBBLE DOWN... AND HISTORY COULD REPEAT...
SO LETS HAVE SOME FUN AND WATCH THE BABY STEPS RALLY...AND SEE HOW LONG THIS CAN LAST... THE USUAL RULE IS THAT A MARKET THAT ACTS LIKE THIS...SMALL GAINS...ON LOW VOLUME...IS HEADING FOR A FALL...
BUY THE DIPS IN GOLD... ITS THE ONLY REAL ASSET...THAT IS A REAL ASSET IN THIS END OF DAZE ECONOMY...!!!
