It's not ugly if you're short the market and long gold. Then, it's Beautiful.
Sadly, at this point, cash is once again King. High flying financiers are relearning key lessons of the past. One of those being:
"Return OF capital before return ON capital."
Those who made huge fees arranging or participating in high risk transactions are now having to pay the piper. Sadly, the FED's rescues will only serve to spread and prolong the pain.
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It's not ugly if you're short the market and long gold. Then, it's Beautiful.
Sep 18 12:11 pm
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All Comments by Smarty_Pants »It's Ugly Out in the Markets [View article]
Sadly, at this point, cash is once again King. High flying financiers are relearning key lessons of the past. One of those being:
"Return OF capital before return ON capital."
Those who made huge fees arranging or participating in high risk transactions are now having to pay the piper. Sadly, the FED's rescues will only serve to spread and prolong the pain.