the bald headed prophet of doom, Ali Baba, on CNN actually has been right just about every day lately, and for some reason he is able to remain neutral even when sucked into political debates. an actual journalist that still has a job.
but why i brought him up is that he made a pretty good case to day that the plunge at the end of the day may have been close to a capitulation, and used TA to show that we are within 500 points of the bottom at a pretty high confidence interval.
Actually, it's either that or tanks rolling down the streets by Christmas.
To save up a couple hundred thousand in an index fund and see it nearly chopped in half makes one lose patience with politics. And to a level where two pallets of Yukon Jack and whole squads of dancers won't make me feel better about the fact that i knew the dow was a risk... hell, i figured it was less risk than the pinksheets, but once again, the baja portfolio effect is in vogue. the silver i bought is the only thing that keeps me from becoming actually angry. (mainly because i know abrams tanks can't make it over the pass into cedarville)
As an aside, termites don't live here. too dry and cold in winter. otherwise, my house, which is perched on a foundation of juniper logs, would not be still straight after 120 years.
the contractor opened it up and said, hey, there is only about an eighth of an inch of decay on 24 inch logs after a hundred years in contact with rocks on the ground,,, he would feel guilty taking my money for a full foundation. But i digress, as the trouble with having a couple years worth of firewood stacked is that it makes it easier to burn more than one needs, and think happy thoughts about the price of heating oil.
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