Saturday, April 7, 2012

Market Correction Is Inevitable!

Of course, any vague statement like that can be justified like anything from Nostradamos.  Regardless, the market correction is coming at about a rate of 10% to 15% in the next three months.  In case you have not been paying attention, that means the broader market has been overvalued for over a year.  The job reports are insufficient to confirm an economic recovery. 

Greece and the rest of Europe are a time bomb.  Everyone seems to think that other countries lending other countries money is going to help.  But if, the other countries are trying to lend other countries money, in which, either of these countries has any money, then you have a trend that defies explanation. 

But, what do I know?  1+1 equals 2.  Not in today's world.  I have to cut this short, because it is embarrasing to be apart of such horse hockey (thank you Harry Morgan), so be it. 

Here is your long term investment.  Coal is totally out of favor.  By BTU.  I own this stock by the way, but coal is totally out of favor.  Anything else, jump ship.  Good. Luck.  I own BTU, btw.

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