"Fiscal and monetary policies are rapidly losing credibility. Treasury prices may be inflated, but don’t mistake this for confidence in our system’s “core”. It may exist completely outside of the PhD’s sophisticated framework, but the markets and regular folk are feeling the ill-effects of currency debauchery."
http://prudentbear.com/index.php/creditbubblebulletinview?art_id=10565
Volatility continues as futures predict another triple digit opening, IMHO use strength to SELL and build cash. When some sanity comes back into market you ease back in if you desire. What has changed from last week to today?
Do you think the crisis is overblown? Do you think the job market is improving? Do you think the housing market is improving? Do you think gov't finance is improving? Do you think there is inflation present? Why is GOLD near $1,900 an ounce? Why aren't banks lending, why aren't businesses and consumers borrowing? have many been crippled financially by being underwater in their homes?
Has gov't dealt with the issues effectively? Has the stimuls worked or 0% interest rates? With Banks borrowing at 0% why are credit card rates near 20%? Is it healthy that savers get near 0% on their savings? WHY do govt and FED continue with failed policies?
MY MOTTO: "BETTER TO BE SAFE THAN SORRY"
D
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