Replies to post #23013 on Fiends In Stocks

[DeepBlue1]

All I think that's happened is that gold and silver, and probably stocks too...have caught up to the devaluation of the USD for the moment.

All 3 have been acting as hedges to inflation, including stocks imo.

So...if I'm right, I'd guess that from here on in volatility will calm down and that we're about to enter a generally flat market after a some final 'fine tuning'.

So "pedal to the metal" isn't the way I'd play it. It'll probably get really boring for quite some time with little movement or volatility except for particular stories/stocks.

News of more inflation/dollar printing or another bank meltdown could be coming and that kind of thing could still have some dramatic effects but I think basically the market has the worst of this current mess priced in.

I did hear one new thing on the inflation front tonight. There's a news story about the war that's saying we're paying what were our former enemies in Iraq(Sunni insurgents)with hard American currency and are in essence bribing them to be on our side.

I don't think this is really news and won't be of much consequence other than political fodder though. It's just part of the cost of Bush's war.