"There is a place. Like no place on Earth. A land full of wonder, mystery, and danger! Some say to survive it: You need to be as mad as a hatter."
End of quarter antics, and of course Obama went before the nation and put forward his plan for US oil independence.
Although he said he wanted to reduce the use of foreign oil by 1/3, he was a bit sketchy on details. Annexing Libya and Iraq?
Natural gas companies caught a bid, and they are getting the oil drilling rigs fitted out for tundra and wetlands.
Blythe threw her best stuff at silver today, to little avail. It looks ready to take another leg up again unless equities fall apart.
If gold breaks through the big neckline this could be impressive.
Non-farm Payrolls on Friday. ADP came in pretty much as expected today.
Given that it was the end of quarter, and the bonuses of the wiseguys are heavily dependent on making their targets, I doubt anything short of Tokyo melting into the Marianas Trench could have stopped a stock market rally today.
And gold and silver must go down to make Ben and Timmy look good, if just for a day.
Speaking of a pliantly available pig belly, I am still trying to regain my equilibrium after reading Greenspan's Op-Ed in the Financial Times on the danger of financial reform and too much banking regulation. It is as if there was a seminar on customer service and proper hair cutting techniques for the trade being given by Sweeney Todd, the demon barber of Fleet Street. Are these people really that tone deaf or just that arrogant? What next, a personal financial advice column by Bernie Madoff?
At long last, Mr. Greenspan, have you no decency, no sense of shame?
