Ahh, it'll take a little time, might take a little crime to come undone
Now we'll try to stay blind, to the hope and fear outside
--Duran Duran
A note for posterity's sake as I watch market action on the back of news of the American International Group bailout this morning. The Dow is down about 350 currently. Gold ripping nearly $70 higher on the announcement of Fed balance sheet expansion and foreigners reducing dollar-denominated investments. Banks are cracking. Money market issues. Curbs on short selling are in process. Russia down double digits.
Stock markets 'feel' like they're starting to unravel. Prolly wrong, but feels like we're edging the abyss.
position in gold
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