1. I NEVER claimed bankers were ethical - although some certainly are i.e. Dogfish. In fact, I believe dishonest bankers and lax oversight damn near crippled this country at the end of the Bush administration. I was discussing monetary policy as relates to economic stimulation or restraint, as established by the central banks of the world.

2. I NEVER said this bull market will continue. I do not predict markets. it's a fools game.

3. I have been selling for two years now. Primarily because at my advanced age I may not have time to recoup major losses, should the market take a big tumble. The cars, truck and boat I bought with my profits are very real. Thanks.

My point was only that those who do attempt to tell us what's next in the market have no idea. Nor do I. Remember when the sages told us Q.E. would cause massive inflation? Then when they told us tapering would kill the bull?

This is what I do know, bears follow bulls, and over the last 85 years the market has been a fine place to be for those who invest for the long haul. YMMV, good luck.

Loss of the gold standard? That was when?


Edited by Dave Vedder (06/07/14 07:49 PM)
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No huevos no pollo.