I'll be brief tonight because my 6 time Super Bowl Champion Steelers are on.
A couple of quick things. First I suggest that you read Jeremy Grantham's latest named "Night of the Living Fed". Jeremy is a legendary investor who is one of Wall St's all time greats.
It's a nice read.
Emerging market bond bubble anyone:
Bubbles are popping up everywhere as Wall St frantically looks for decent yield. At this point, investors would buy a house full of hookers that had herpes if the place was yielding 8%.
Like all bubbles this one won't end well.
In the meantime:
Also, lets not forget to thank Mr. Bernanke and the Fed for turning our financial markets into one giant Ponzi scheme/casino as a result of their zero interest rate and other easing policies.
Futures and gold are both up again! Don't forget, QE2 is only 2 days away and it's gonna be one hell of a party because all of our problems will be solved!!! Let's Celebrate!