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Will the Market Ever Correct?

There is no doubt in my mind that this is the calm before the storm. Volatility has absolutely collapsed and the economy is showing some signs of life, leading pundits to believe that stocks are on an unstoppable push higher. There is a reason capital always gets wiped out in a debt crisis, and when extreme volatility finally does arrive, you will understand why. Even though stocks are overdue for…

Diversifying Across Asset Classes

It was said that Nero played the lyre while Rome burned. Well our leaders are doing the same thing; we should have emergency meetings every single day about the debt crisis, but we’re not. It’s the same old BS, and you can be sure that no change will occur unless it is forced upon us. Does anyone out there really believe Obama, if reelected, is going to do a 180…

Gold Rally to $1700

There seems to be some problem with the email list, so I’ll post today’s update here. Sorry, I’ll try to get the problem resolved. Today gold finally broke out of its range and breached $1700, which I’ve noted is a critical level. The rally came on the heels of the announcement that the Fed will continue its accommodating monetary policy until at least 2015. Of course this was obvious to all of…

Expecting the Worst, Starting in 2012

I remember when I started to get really bearish on the economy in 2007 that it was something I felt in my gut. Sure the data suggested something was wrong, but you could always use the powers of rationalization to ignore it. Well, this is the same sort of feeling I’m getting now; we are headed straight towards the worst crisis of the past century, including the Great Depression, and it…

The Economy Is Worse than Advertised

For a long time I said things are not that bad. I thought stocks would generally rise as the economy deteriorated, which they did, and I was in the minority of gold bugs that didn’t think hyperinflation was likely. Well now I’m getting more and more bearish by the day. The MF Global fiasco has me very concerned: why Jon Corzine isn’t being prosecuted for essentially stealing $1 billion is…