venividivici

Jeffrey Saut: Cautious Yes, Bearish No

From everything I have read, the excesses that took place over the last five years or so were far worse than the excesses that preceded the Great Depression.
Government pulled the market back from the very edge of the precipice by pumping up the economy with mindboggling amounts of borrowed money and by pulling even larger amounts out of thin air,
Now if you believe the market, it is all systems go for a "V" shaped recovery and we are back to the races.
I just can't believe that it is all that easy. Life simply doesn't work that way. The greater the excess, the greater the pain. There has been outrageous excess but all of the government response has been aimed at either mitigating pain or trying to avoid it altogether.
My advice is to find is to find a good gold stock. It is working really well for me.