A Little Risk Sneaks out from under the Covers
Overnight the stock indexes caught a sell but this morning the happy talk people are back at buying. And guess what, they bought gold just in case they were in trouble. So where are we, in my opinion until the central banks, both in the U.S. and Europe get out of the way and let the markets really work, we don’t have a solid economy or market. What we have in reality is funny money markets that are increasing in risk, and some day when you least expect it, real trouble.