"As a technician, I feel that there are few analysts that offer value for me, but you do. Your work on Gold ratios has helped my analysis greatly." --Jordan Roy-Byrne, CMT (The Daily Gold) 4.9.10

Wednesday, December 9, 2009

The headline says it all...

Stocks Fall At Open Even as Dollar Falls --AP

What??? Why is currency debasement not working today? I demand an answer for this. This is un American I tell you!

Oh by the way, I just spoke to an insurance rep, and the average healthcare premium increase is around 35%. Yes, that is going to do the economy a ton of good. I ran my fairly obvious theory that the companies are gouging now while the gouging is good (pre-healthcare bill) by him and he offered no dispute of that view.

All FWIW.

Edit (10:55) Ah, here comes the pig now. Dow up 29. Long live the currency debasement fantasy!