[steveegg]

Sorry to hear that El Diablo D'Asshole took your birth date from you, but happy birthday anyway.

Now, for those that thought that gold was a magic bullet,...

The next bubble I believe is going to be in “things” as shown in these graphs of the CRB Index, gold, oil, and natural gas.

Bingo. The cycle of bubbles will continue until either profits improve (which wouldn't be painful) or the money dries up (which would be very painful for all markets, especially "paper").

[arete]

The government doesn't want people investing in things that don't produce tax revenue for them. They want us buying homes because they tax it and tax it and tax it. Actually, you aren't actually buying a home -- it's more like you are leasing it from the government cause as soon as you don't pay your taxes on it, they take it back. You buy a couple of bars of gold and it just sits there and they get no return on it.

Richard W.

[raygun]

There was a snow storm on Wall Street today. John Snow's appointment didn't seem to help the market today, but neither did anything else. It was a weak day with a touch of virulence. There is no doubt the market is being forced to cope with a lot of uncertainty.

The mitigating factor is that the market has become very oversold, which should lead to a bounce. At least, near term shorts would be risky, where there is virtually no room for the rubber band to stretch further. Declining groups overpowered positive groups by over a 10 to 1 ratio. There were only three advances in the Nasdaq 100, four in the Dow. Out of a private list of 31 tech stocks exactly one advanced today.