Monday October 15 2012
Barry Ritholtz concludes this is make or break time for world markets. We were likewise skeptical in our update this weekend.
I don't know if gold bugs care about Core PPI but this writer says they should. I suspect most gold investors see gold as an alternate currency.
Speaking of inflation Eric Clapton proved to be an astute investor in Richter paintings.
This author allows for enough possibilities that he will be able say I told you so either way. He does make the point that it is late in the overall rally but we may have one more leg up. Indeed but then others like DELL and AMD look well into a bear market already.
The WSJ notes the lack of leadership at financial meetings in Japan. Mary O'Grady notes the cooperation with South American dictators in her op ed this morning. See page A 15 of this morning's WSJ.
Mondays have been weak days the last few weeks. The day will not over till its over.