the BKX is sensing the firing squad is lining up
GOVERNMENT DEBT
Federal Debt: $9 TRILLION
State & Local Debt: $2 TRILLION
Total Government Debt: $11 TRILLION
UN-FUNDED, OFF BUDGET DEBT $62 TRILLION
PRIVATE DEBT
Household Debt: $13 TRILLION...
gotta love this..
bankers try to set up a system to blame each other for their screw ups
run...Forest...run
http://www.ft.com/cms/s/0/546b1604-3585-11dd-998d-0000779fd2ac.html?nclick_check=1
btw,
i just recalled that CNBC had to get Kudlow out of bed at 12 PM eastern on Friday to try to gum flap the bull case.
King Dollar and all the crap with it.
he didn't even have enough time to put in his contact lenses or sit for make-up
what a diaper full that was.
big banks and now regionals are flat on their backs
airline industry is a basket case
homebuilding is off a cliff
The Fed. is buying D credit card paper at par (should be rated D) or triple F..
the Dollar is confetti..
you're right, it ain't so bad
CL reminds me of silver in 1980..
Finally Volker imposed a liquidation only market.
I suspect the Feds. will do something if we get past $150
the economy is near collapse as it is.
GLD is suppose to trade options any day now
maybe SLV will also someday have options that you can hedge with..
silver is a tough market to make it in...
it is tiny and thin and gets pushed around by guess who...
you may take a crack at GC (mini) first.
if you trade with scared...