Scared Stiff

Unsettling Trends in Treasury Bond, Dollar and Commodity ETFs

This market does not appear to me to be indecisive at all. Look at a chart of pretty much anything from 10/08-11/08. THAT'S what indecision looks like.

On Bernanke, Gold and Housing

The tax increase isn't coming. No politician at this point will have the courage to try to shift the burden directly to the taxpayer. The only possible outcome now is, first, the elimination of the Dollar as the reserve currency, followed by national default. Let's just hope our military is up to the task.

Let's Just Say It: Print More Money

Dirk, you are 100% correct. We just need to keep propping up the broken system, again and again, and just keep praying that we can perpetually put off the inevitable, or at least until we're no longer around to deal with the consequences. Who wants to make tough decisions when the easy way out is always so successful?

Gold Prices: Little Correlation with Its Utility

Better yet, what is the utility of Apple stock? Why would anyone pay anything for a stock which serves, literally, no purpose? Gold and non-dividend paying stocks are nothing more than a bet that people will at some point be willing to pay more for it than what you paid for it. At least gold doesn't depend on the honesty of clearly dishonest people to maintain its value.

Oil Breaks Below $38; Bespoke's Commodity Snapshot (12/18/08)

Why is it always that when commodities become overbought, it's because of manipulation, and when they become oversold, it's market forces. Yet, when bank stocks become overbought, it's because of market forces, and manipulation when they become oversold?

Why Gold Will Decline More than the Markets

Wow, anyone who managed to lose "64.9% to 70%" investing in gold and silver any time in recent memory is extremely talented. I would like to see exactly how they did that.

Friday Outlook: Commodities, Emerging Markets

Keep up the good work, Dave. Don't let the man get you down!

Tuesday Outlook: Commodities, Emerging Markets, More

Yeah... where's the whole first page??

I, for one, am glad the republicans threw their little tantrum. If hurting their little feelings is what it takes for them to recover their courage, maybe we need more of it.

Eight ETFs to Preserve Your Wealth

Funny, I own everything you mention, except instead of GLD and SLV, I prefer CEF.

Wednesday Outlook: Commodities, Emerging Markets

Kenny, of course it's far fetched. But I think it's hard to deny the parallels between the way the administration is handling this, and, say, the attack on Iraq. At the very least the $700 billion price tag is just the very beginning.

I do think, however, that putting a ton of new power and cash in the hands of the people who, literally within hours of publicly saying "Everything is just fine!" were saying "The end is nigh!" would be an unforgivably stupid mistake. Clearly, anything Paulson says from here on must be taken with a grain of salt.

Wednesday Outlook: Commodities, Emerging Markets

This whole thing has Bush Administration con job written all over it-- the sense of panic, the secrecy, the political pressure... all with most sensible people wondering, "what am I missing?" What are the chances this is nothing more than W waving his middle finger at the public, picking up a few extra trillion dollars for his cronies on the way out the door?

Tuesday Outlook: Commodities, Emerging Markets

Gabe:
Who says the government is wrong when it doesn't pick winners and losers in our free market? Which of the so called rumors was false? Who says the shareholders are the victims, when it was they who made the decision to buy into the company? You're suggestion that the little guy is the beneficiary here is also laughable... society in general certainly doesn't benefit from a bunch of unqualified home buyers bidding up prices with phony money, and then end up losing pretty much everything. I think you need to turn off CNBC and tune into reality.

Tuesday Outlook: Commodities, Emerging Markets

Frankfurt's also posting all kinds of anti-semitic diatribes. You have to take the bad with the worse I guess.

Weekly Market Review: Stagflation Story Remains Intact

Lower taxes will only help if they are accompanied by much lower government spending. Right now increased indebtedness will only exacerbate the Dollar's problems.

Inflation Fears Are Inflated

Anybody who was ever seriously worried about deflation watches way too much CNBC.