Just don't puke on my shoes please; like the time Jerry Lee Lewis was spotted at a urinal and when the guy who spotted him said something to him, he drunkenly turned to reply, and he peed on the guy! LOL!
I think we're heading to a harder crash than the currently expected so called 'extended recession'. The late night CNBC Asia/Europe guys had a guest on who was predicting a crash in China and England, and we're a prime target too because of the excesses that have gone on too long. I keep having concerns about the eventual lowering of the sovereign credit rating of the USA.
There's just too much crap out there from these 20 plus years of debt/credit/leveraged activity. And nobody wants to own up to where they stand in relation to debt, until they are forced to bring it to light.
And now everybody and their brother wants a bail out. Ain't gonna happen.
Just the normal fact of our soon entering the season of winter, which is a cold and contracting environment, will slow things down.
Even Obama's entry onto the scene in January cannot forestall the global, 'paying of the piper'. There is simply no rapidity in implementing government programs. And, how effective they will be, as noted in the lack of transparency of TARP funds now, and that snuck in tax break for the banks, (which, BTW, will cost CA two billion in lost revenue, right when we desperately need it).
Gold/silver will have a bounce when it gets too scary and people get overly fearful, chart technicals aside.
