The world and US economy is in disarray. Housing falling at record rates, unemployment soaring, bond rates collapsing. The end game is near.......Or possibly Mr. Bernanke will try to kick the can again.
The last kick was a out a trillion dollars to buy about 1 year of better(?) economic outlook. Problem is, nothing fundamental was fixed. I stated this back in 2008, that the basics must be corrected, until then, all paper fixing (money, stocks, etc) will be short lived.
Quote from article, "This has been one of the most interesting days in finance ever," said Andrew Roberts, head of credit at RBS. "We are right at the tipping point. Yields are about to collapse even further, equities are about to turn over. The end game approaches, probably in next few weeks."
Contrast this with, Gold man Sachs chief economist is spouting the Fed will issue another round of QE. The mere fact GS is saying this puts it into question in my mind.
But count on this, something will be tried, my bet is on market hitting SPX 1,000. That will allow all the panic stop-losses to be triggered, and the big money to play the counter rally.
For now, as I already posted, I'm looking at gold, but beware, if the government has wised up and let the market takes it's natural course, the only safe haven is bonds.
Its anyones guess.