Dow down 270 points or 2.27%.
Reaction to eurozone panic, where markets are down 3.0% plus.
If you are a buyer of U.S. markets, especially inflation related stocks, you will get the bargains of a lifetime. All this panic means one thing, more central bank money printing--which will mean more price inflation.
What are inflation related stocks ? Minin stocks for example ?
ReplyDeleteDow below 11K today? Who wants some of that action?
ReplyDeleteOur Owner's commercial banks want to stop inflation because the tax cattle are becoming grumpy and less productive as prices continue to rise. This correction should actually make the tax livestock happier and more productive as prices drop. They will proceed with their higher inflation as the economy picks up. I suspect they need all prices to basically double to write down the debts/rip off their creditors.
ReplyDeleteYour Owners will keep the DOW above 11,500 today.
ReplyDeleteWhat are inflation related stocks ? Mining stocks for example ?
ReplyDeleteWonder if the market will do the same dance of death tomorrow? I guess we will know in about 6 hours when the euro markets open.
ReplyDeleteBuy gold on the dip!
Two thing I don't understand.
ReplyDelete1. Why do people even bother working for a living.
2. Taxpayers are the worlds most stupid animals.