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<p>[QUOTE=&quot;Juan Blanco, post: 1605125, member: 41665&quot;]2013? I&#039;m not bullish, sorry.</p><p><br /></p><p>There&#039;s been no resolution (&quot;real deal&quot;) to the Fiscal Cliff - they only delayed (POSTPONED) facing the music a few more weeks. They don&#039;t even have an agreement to agree <i>to agree to discuss it </i>LOL Please: let&#039;s get real here. <b><i>Extend-and-Pretend</i> will NOT work forever, folks. </b></p><p><b><br /></b></p><p><b></b>And the debt-ceiling debate is ANOTHER matter for next month. This is setting-up to be a Double-Whammy in February. Did everyone already forget how the S&amp;P500 quickly &amp; dramatically lost -6% in 2011:</p><p><a href="http://money.cnn.com/2011/07/29/markets/markets_newyork/index.htm" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://money.cnn.com/2011/07/29/markets/markets_newyork/index.htm" rel="nofollow">http://money.cnn.com/2011/07/29/markets/markets_newyork/index.htm</a></p><p><br /></p><p>Back then, POG Gold see-sawed abit, but basically moved up ~$200 between 7/7-8/8/2011. I&#039;m not at all convinced institutional portfolios will reallocate<i> the same way</i> in a bigger crisis however. (If Paper Gold might gets whacked in a major liquidation phase.) Can we just keep whistling past the graveyard? Forever and ever, no consequences, the Paper Fantasy, Intact for Eternity? okaaaaay... &quot;Buy Stocks, Sell Your Gold, Drink the Fed-Treasury-Wall Street Kool-Aid kiddies!&quot;</p><p><a href="http://www.msnbc.msn.com/id/50334536/ns/business-stocks_and_economy/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.msnbc.msn.com/id/50334536/ns/business-stocks_and_economy/" rel="nofollow">http://www.msnbc.msn.com/id/50334536/ns/business-stocks_and_economy/</a> </p><p><br /></p><p>Based on some recent stories in FT, ALSO suppose the US bond bubble may be popping <u>and</u> deflation is returning (with rapid decelerating capital investments by key US firms.) Each of those different issues will be huge, related but separate: all bad news, I&#039;m afraid. And NONE of this is priced in THIS mkt. The hangover should be brutal, no? Hair-of-the-dog is the only remedy we&#039;ve got now... PRINT MORE MONEY, SAVE OUR MARKETS! (Bernuckles or Little Timmy will comply, I believe.) </p><p><a href="http://www.nbcnews.com/business/stocks-skyrocket-after-fiscal-cliff-compromise-1C7755880" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.nbcnews.com/business/stocks-skyrocket-after-fiscal-cliff-compromise-1C7755880" rel="nofollow">http://www.nbcnews.com/business/stocks-skyrocket-after-fiscal-cliff-compromise-1C7755880</a></p><p><br /></p><p>Throw in an exogenous event or two, and everything could careen outta countrol or get <i>very weird </i>quickly. Look for huge correlated volatility in eqty <u>and</u> PM mkts, without something coherent established <i>soon.</i> That&#039;s my admittedly bearish two cents.[/QUOTE]</p><p><br /></p>

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