Wish I could take credit for my call, but I was reading it from someone who is supposedly highly respected. Forget who it was now. Of course everyone has their own opinions but I respect yours and the fact that it closely mirrors this other guy probably says something. Definitely scary talking about 1300's but it is being talked about for a reason.
I have very little doubt this rally is a dead cat bounce and everyone shouldn't forget how quickly things can fall apart when momentum hits. Look at the start of January....
They are trying to justify oil at $40 but I just don;t see it. I think things are going to spiral down very quick when it starts. Wait until the bankruptcies start to show up on the lenders balance sheets for oil company defaults.
Right now i am probably 40% vested in gold related stocks...
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