The Pile of Bad News… Often But Not Always A Bullish Sign (Think Brazil)
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The US stock market ignores mounting bad news because the US has returned to its status as a safe, highly liquid haven with the demise of Europe and new doubts about China. But ‘beware of Greeks bearing gifts.’ These are temporary conditions evidence of a transition, not a solution. Until we have global settlements including China, nothing is settled and the US will remain in a coma for at least another year, more likely five.
CK Wong
Posted: 29 December 2011 at 21:39 pm
Retail investors and mass public are led by the commentators. Only a few commentators have the real experience and the wisedom see through the fog of deception put out by the Western government. Investment has been turned to gambling.