"Free Helo Inside" ... Awesome
Yeah, I get the strangest* things in my email box...
* coolest and most useful
See I knew that that jpeg would come in handy! Only 3 points to go!
Only 3 points to go!
I feel like I'm watching one of those movies where the hero starts blasting away and never bothers to reload, and you're like, "he's only got three bullets left," and there's an army of bad guys on the horizon.
Of course, in the movie the hero kills them all with the jawbone of an ass or something, but somehow I don't think Bernanke's middle name is "Samson."
The hardest 'disconnect' between being a student of history and living thru history is in realizing that what took 18 months or 5 years then takes 18 months or 5 years now.
As students we cover it in a couple of paragraphs, with all the causes and effects neatly connected and laid bare. But with what we see before us, not so much. It's still going to take us the whole time to watch it. Which is fine, because it really does give people a chance to plan, even to react.
This is going to sound weird, but history is surprisingly forgiving. Sure, we're never getting another chance to load the boat with sub-300 gold, but we may see $700 again*. Nothing goes in a straight line.
We may** be in for a short-term turnaround here. Sentiment on the dollar is so negative and the market so weak that I should not be surprised if we see a short-term reversal.
Unfortunately, that does not change anything but the time scale. Bernanke only has three bullets left. The first money copter does not arrive for 4 months at best.
And in the real world, 4 months is a long freaking time.
* for the record, I bought my last sub-600 a year ago. If it drops $150 from ANY point, I'll be buying it like Mitt Romney buying votes.
** wow, is THAT a weasel word.
Commenting by HaloScan
