DOWN SHE GOES, UP THEY GO

http://research.stlouisfed.org/publications/usfd/page3.pdf and up to old games here too.

Gold soaring this morning as the greenback takes it on the chin, falling back to are seen on chart as the prior 2 lows.

Markets are pricing in a return QUICKLY to SPX profits of around $80 a near DOUBLE from current levels. Of course the financials are big part of this and they currently use "mark to fantasy" accounting, so the earnings may not be real.

And of course as $ falls so does the price of oil RISE and most other things including stocks.

Bank lending DOWN, Consumer Confidence DOWN, Excess Bank Reserves UP.....something doesn't smell right folks....something doesnt add up

Duratek