I've got dollars, and I can afford to wait.
Posted on 02/04/2010 4:06:57 PM PST by blam
HURRICANE EARTH
Joe Weisenthal
Feb. 4, 2010, 5:40 PM
From the time the market started rallying last March, skeptics have been warning of a coming storm ahead.
Today, it felt like we experienced it. As one market pro put it today: This was real.
Here are the key highlights:
* The 15 sovereigns at risk of collapse >
* 20 reasons the economy can't recover >
* Morgan Stanley: We can't believe how fast the euro unraveled >
* The Dow crashes through 10,000 >
* It's a good thing you're hedge with gold >
* The crazy action in leveraged ETFs >
* TALEB: Everyone should be short treasuries >
* The countries short-sellers are abusing >
* Commodities hammered >
* Moody's: The US debt is vastly understated and on course for a downgrade >
* Portuguese debt disaster bludgeons the euro >
[snip]
(Excerpt) Read more at businessinsider.com ...
excellent snip.
* It’s a good thing you’re hedge with gold >
* Commodities hammered >
uh... aren’t those mutually exclusive?
Anyway, for those of you who hedged with gold, I note it was DOWN 4% today.
My DZZ did pretty good though... up 8%.
Gold plunged $50/ounce today because people, companies, and governments need cash, not inflation hedges.
They need Liquidity, so they are dumping assets.
We’ve got Deflation.
Oh, I get it... he was making a funny. Inconsistency alert canceled! We now resume our regular inane comments.
and on that cheery note......
I've got dollars, and I can afford to wait.
Gold is more than a commodity.
>> Gold is more than a commodity.
Yah, I know, it’s MONEY... right?
But, diamonds are a girls best friend..... :)
Great post.
parsy
Diamonds4Ever.
Corn and soybeans were up modestly today,not a good sign when everything else is going down.
No, but the payments are!
I like it!! :)
Arguably. It's also used as jewelery — which doesn't have the same links to the economy as most other metals, or fuels.
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