THE MARKETS HAVE BEEN IN THEIR OWN PRIVATE LALA LAND DURING THIS DEPRESSION...
THERE IS AN INTERNAL DYNAMIC AMONG THE "PLAYERS" THAT IS SIMPLY NOT SHARED BY THE MOM AND POP INVESTORS...WHO FOR THE MOST PART ARE NOW OUT OF THE MARKET...OR INTO CASH AND GOLD...
BUT THEN CASH AND GOLD SEEMS ALSO TO BE THE CHOICE OF SOME SMART MONEY NOWADAYS...
THE US ECONOMY IS STRUCTURALLY DAMAGED...AND ITS NOT GOING TO RECOVER IN ANY REAL SENSE...IT IS SIMPLY MORPHING INTO WHAT IT WILL BECOME ... UNLESS AND UNTIL AN ENTIRELY NEW PARADIGM IS INSTITUTED...
PUT ANOTHER WAY...LIKE AN DRUNK WHO NEEDS TO "HIT BOTTOM"...THE MARKETS ARE SEEKING A BOTTOM...
THERE IS SOME EVIDENCE THAT THE "NEW PARADIGM" THINKING IS STARTING...THE 99%ERS ON WALL STREET ARE PART OF THAT...ALSO THE TEA PARTY...
THE ELITES HAVE LOOTED FOR TOO LONG...THE PROBLEM IS THAT THEY KNOW IT BUT THEY CAN'T JUST YET ADMIT THAT IT HAS TO END...
THE GOLDEN AGE OF WALL STREET BUBBLES HAS ENDED...BUT THE ELITES ARE STILL LOOKING DOWN AT THE STREETS FROM ON HIGH...AND WONDERING...
WHAT COMES NEXT...?
