The market is anything but dumb, and certainly does not fall for the recurring lies and BS from obama and the dimocrats. No, the market clearly knows that the debt ceiling bill amounts to absolutely nothing in terms of belt-tightening, and actually increases future annual expenses by 7% a year instead of 7.5%. These are "cuts" only in the crazy world of Washington -- not in the minds of knowledgeable investors. We are heading for Greece under the just-passed bill. And the obama-sycophants in the MSM are still trying to blame this on everything except the disastrous deficit spending over the last three years.
Of course, this bodes great for gold and PCFG. When a stock finishes up 4.5% (and spot gold closes at $1,657) when the Dow is down 265 points, it's a cause for celebration, maybe even a meal at Ruth's Chris.
The above comment in no way constitutes a recommendation to buy or sell any securities. Any investment decisions should be undertaken only after conducting extensive due diligence.
