Topic: Economy, what's left of
Seems as if AHTOJASO, I was just late in my prediction, i assumed 2Q 2012 based on the 2012 end of the world hysteria. Apparently the dump has started, and check this out:
Copper, hit by concerns of a Chinese slowdown, tumbled 7 percent to a 1-year low. Gold, usually a safety play, was sold into the maelstrom as investors raised cash. The euro [EUR=X 1.3449 
-0.0128 (-0.94%) 
], broke below 1.35, a recent bottom of its range. It was trading in the 1.346 area, an eight-month low against the dollar. The dollar index [.DXY 78.53 
1.19 (+1.54%) ] was 1.4 percent higher.
"People are finding it really isn't gold. It isn't precious metals. It's not currencies. U.S. Treasurys are where people are flocking to at a time of extreme concern about risk, and we continue to see Treasurys continue to get bid up," said Zane Brown, fixed income strategist at Lord Abbett.
http://www.cnbc.com/id/44626413
Again, and again, stupid investors buy high and sell low, and lord help those that fell into the "buy gold" hysteria... Damn idiots listened to hysteria mongerers like Crackpot Glenn Beck and are about to lose their asses.
Im out just wringing my hands in Snidley Whiplash fashion over the stock and precious metals bargains coming up!
