The media is still banging the nuclear fear drum over and over again to keep people watching but the reality is that the chance of a catastrophe, at this point is very slim...
Right now, it's ALL about the dollar and how it performs at it's current inflection point. We are expecting that the situation in Europe will not stabilize and that the Mid-East will, which should drive money out of commodities, out of the Euro and into the dollar...
"It does not get any clearer which way Wall Street is trying to take oil," says Stephen Schork. The Schork Report notes that speculators now own nearly six times as many barrels of oil... as can be stored at the WTI trading hub in Cushing, Okla.
I wanted to give an overview of how the markets can look good but not actually BE good. It’s important to get the perspective of the WHOLE economy – not just the part that we swim around in.
it's not just the Federal Reserve that is in denial but the commodity speculators, the equity investors and even the bond investors as the ALL believe they are going to get paid while MATH says that's not even remotely possible.
Even Bernie Madoff is disgusted by the nonsense going on in the stock markets as he tells New York Magazine this weekend that the entire Government-run stock market is nothing more than a giant Ponzi scheme.
