Charts For Contemplation:
Notice the nearly perfect run up to the 61.8% Fib level on this latest rally (11254 if the Fib level, actual intraday level hit 11258)............
Remind you of sometime 80 or so years ago?
Pyramid image courtesy of the Longwave Analyst
From Jesse's Cafe Americain.
From Seeking Alpha:
A reminder that a deflationary episode is very hard on real estate, stocks, and bonds.
As we delve deeper into this period of adjustment I expect we will see a stock market collapse first, and a bond market collapse second - thanks to sovereign debt.
Have we made our own preparations, or are we living on hope?
"For gold is tried in the fire and acceptable men in the furnace of adversity."
George Santayana
Remind you of sometime 80 or so years ago?
Pyramid image courtesy of the Longwave Analyst
From Jesse's Cafe Americain.
A reminder that a deflationary episode is very hard on real estate, stocks, and bonds.
As we delve deeper into this period of adjustment I expect we will see a stock market collapse first, and a bond market collapse second - thanks to sovereign debt.
Have we made our own preparations, or are we living on hope?
"For gold is tried in the fire and acceptable men in the furnace of adversity."
George Santayana
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