Zeev, agreed 100% on the value of those 'reforms'. Like reorganization, it's an exercise in appearance, not productivity. But I have some bigger questions for you...
After watching and learning from you for several years, I've always been impressed that you: a) post by your real name, b) stay level-headed and can describe the 'whys' of most actions on the market. Your logic is rarely assailable.
I often find info or chart something that makes me go 'Aha!' and get worked up about it, and 2 days later find something contradictory that changes my mind or at least causes me to question my first assertion. (No, I won't ask you how to correct my emotional excesses<GG>)
1) Most everyone's seen the chart parallels of NASDAQ's bubble, overlaid on the Depression bubble of the DJIA. It suggests worse to come in the next year. If it's that simple, it seems the whole world should short most anything. On the other hand, were these bottoms to hold, I think a case could be made that they are final bottoms for a few years. What is your opinion of the next 18 months? (And pardon me if this question has been covered before)
2) Though I understand well why the gold standard had to be replaced for stability, there is so much conspiratorially whispered from the rooftops about gold that it boggles the mind of the average dimwit (I can personally attest to that, as can my ex-wife who first noted my predisposition to duh-duh dadahood). Do you think you can give your take on the lawsuit by a former Treasury undersecretary about gold prices being illegally held down? about the risks JPM is under with its derivatives load (described as an inverted pyramid in danger of imminent collapse)? about its 5 day plummet, which, compared to other bubbles, seemed swifter than the norm? about whether its price is still being heavily manipulated by gray men in dark corners?
In short, what's up with gold? What drives its price going forward from here? Why do some say a period of deflation would hurt gold too? Is it paranoia to suggest that the central banks and government officials manipulate its price and why would they be motivated to do so since we're not on the standard?
-Kevin Hayden
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