gfp: It sure seems as if nothing can derail the market's ramp up. The Fed gives free monopoly money to the big banks...they buy stocks. The sovereign wealth funds of countries like Norway and Switzerland are throwing Billions into stocks. Companies are borrowing money at 2% or less and using the money to do stock buy-backs. North Korea? No problem. Hurricanes. What, me worry? Gold was up near $1380. Now it struggles to hold $1300. Meanwhile somewhat near a Million public employee pension recipients in Ohio are in the process of getting their pensions reduced due to fears of insolvency. Puerto Rico is devastated. It'll require Billions just to repair their basic infrastructure. And the Island was bankrupt even before Irma and Maria hit it. The Texas flood is going to cost $Billions. Ditto to South Florida. I expect the current fiscal year to show a $600-800 Billion deficit. Meanwhile, today, 10,000 Baby Boomers just started collecting Social Security and Medicare. And so on, and so on.
