tag:blogger.com,1999:blog-7982981413278241287.post3809038909700942320..comments2023-10-28T17:54:39.467-06:00Comments on The Golden Truth: Is the Consumer Confidence Index an Economic Smoking Gun?Dave in Denverhttp://www.blogger.com/profile/03016238915167131989noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-7982981413278241287.post-46995644010022421702010-02-23T21:36:58.499-07:002010-02-23T21:36:58.499-07:00gyc, yes we have come to this. in fact, things go...gyc, yes we have come to this. in fact, things going on behind the scenes that we can't see or perceive are even more distorted than any of us realize.Dave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-47347953693870038242010-02-23T18:08:27.454-07:002010-02-23T18:08:27.454-07:00The bond sale = weak market dynamic is in full eff...The bond sale = weak market dynamic is in full effect and a late week rally (maybe a big one) should prove beyond any doubt the rigged game at hand. That said things are getting disjointed to a large degree and something is going to break. Have we really come to this? <br /><br />Silver is looking so good to me right here.EconomicDisconnecthttps://www.blogger.com/profile/02802078645713106743noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-88965423861724411462010-02-23T16:11:09.973-07:002010-02-23T16:11:09.973-07:00Well, from a fundamental standpoint, the Dow/SPX s...Well, from a fundamental standpoint, the Dow/SPX should be priced at least 50% below where they closed today (I'm dead serious). But that not being the case, if you believe the Fed is going to have to start accelerating their printing endeavors, and I don't see how they can avoid it unless they want the system to collapse, then it is very likely the market will at least tread water if not go a lot higher.<br /><br />Of course, gold/silver/miners will substantially outperform all sectors.Dave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-18572568218177605232010-02-23T15:33:41.787-07:002010-02-23T15:33:41.787-07:00On a related note: The market was, as I am sure y...On a related note: The market was, as I am sure you know, down today, along with the CC#s today, but Terry Laundry, he of the vaunted T Theory, is bullish. His forecast, distilled, has the bear market resuming in late summer. I realize one should endeavor to not apply funnymentals to market analysis, but it seems almost beyond belief that the market could hold up for approximately another six months, and yet, Mr. Laundry, while hardly infallible, is very good at what he does.Edwardohttps://www.blogger.com/profile/03613197383283896190noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-37729458410317631422010-02-23T15:00:15.835-07:002010-02-23T15:00:15.835-07:00That's a great question Anonymous. The thing ...That's a great question Anonymous. The thing is, even if the Chinese/Japanese stop buying altogether, the Fed will just print money an monetize the auctions. I'm sure you saw this earlier: <br /><br />http://www.marketwatch.com/story/treasury-to-expand-supplementary-financing-program-2010-02-23-12180<br /><br />That gives the Fed plenty of liquidity to buy toxic assets and monetize Treasury takedowns from primary dealers after auctions.<br /><br />In running thru the mental scenarios in the past, I've come to the conclusion that this Ponzi scheme may continue until the dollar collapses. <br /><br />Your thoughts?Dave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-33605963100837723292010-02-23T13:22:13.392-07:002010-02-23T13:22:13.392-07:00dave how long will this treasury ponzi auctions go...dave how long will this treasury ponzi auctions go on?!Anonymousnoreply@blogger.com