Risk, Sell, Over Done, Nuts, Help, Ouch........these are words that have been erased by the people who buy this market 24/7 - they are living in an alternate universe where Ben Bernanke paves the world with dollars and pushes the value of their portfolios up up an away. Apparently the people who are buying the market dont care that commodity prices are surging and making EVERYTHING (except real estate) more expensive...You cant even call this a market anymore there is no selling its just a constant wave of buy orders chasing whatever tiny amounts of liquidity that are out there...The biggest winner in this entire exercise is the company that provides ink to the US Mint - their sales must be going thru the roof -
Today is no different than any other day since Sep 1st - Bond prices up, Stocks up, Oil up, Gold up, Dollar DOWN!!!!! I wonder if there is a magic number where the dollars plumet becomes something for concern.....I would imagine not - I for one think it will be rather cool to go into 7-11 and buy a slurpee for $1000 dollars in the not to distant future. They will have to change the lyrics to the popular song I want be a billionaire to Zillionare since everyone will have a billion dollars in their wallets. Anyways the last few days have hurt pretty bad - we had been surviving rather well considering how wrong I have been and will no doubt continue to be on the market.....but the last days - Ouch!!!!!
JB
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