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Peter Grandich - US Could End Up Worse Than PIGS Combined



June 15, 2011 – Comments (1) | RELATED TICKERS: GDXJ , GLD , SLV

U.S. Stock Market - With the insane financial heroin known as QE 2 ending shortly, the stock market has realized that their drug induced artificial high had done nothing to fix a horrific set of economic, political and social issues facing America.

While the “Don’t Worry, Be Happy” crowd will do its best to spin things yet again, the sad state of affairs should outweigh their B.S. The recent sell-off suggests the market can test key support in the DJIA 11,600 - 11,700 area.

Full article [A good, brief read.]

1 Comments – Post Your Own

#1) On June 15, 2011 at 4:22 PM, rfaramir (28.70) wrote:

"U.S. Dollar - Terminally ill and new U.S. Dollar Index lows by 1st quarter 2012 is my expectation. Only on a close above 88 would I consider it a 'miracle cure.'"


The USDX is an unreliable index because it only measures the dollar's *relative* strength versus severl other fiat currencies. They are all falling in value like a rock thrown out of a plane. Which one is currently inflating itself to death a little faster or slower than the others is no worthwhile sign of health. There is no salvation in the Euro, the GB Pound, or the Yen, nor the other lesser currencies in the basket.

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