I wonder if it's going to take another crap today .
Its going to take another crap today and every day till "drop money from helicopters" Boom Boom Bernake decides to begin QE3 - either publically or privatey. The stock market is not longer about the companies, the profits, or business outlooks OR INVESTORS. Its about the currency, the banks and the FED. The Fed now decides if the market goes up or down, left or right. The investors (such as there are) are investing based on the percived actions of the Fed. If the Fed says no more printing, short the market and get out. If the fed says more printing , buy in. Bullion is hardly moving either way - its the hedge against either eventuality.
Michelle and I were too chicken to jump in at 6500 - I had more faith that the American people were too smart to fall for QE at the time. We may jump in for this round since the Fed seems determined to let the Dow drop to those levels again. They have no choice but QE3 - its the slow bleed via inflation, or the bleed out of a deflationary depression. Politicans, world markets, hedge fund investors and folks like us want the slow bleed. I still need till August to really finish the major prep. Homicide in the next neighborhood, brass sprinkler bells being stolen , black gangs targeting White Victims in Denver. I fear very soon it will be time to ditch suburbia and head for the hills.