“The primary trend is down,” says he. In the end, he continues, no matter what Obama and Bernanke do, the primary trend will have its way. The bear market will continue until it “has fully expressed itself.”
April 7th, 2009 | Bill Bonner | 6 comments | ContinuedAll Posts Tagged With: "commodity stocks"
The Collapse of Complex Asset Values
In the name of “stimulus” and “recovery” and to supposedly correct the excesses of the market, none of the normal free market mechanisms to punish the excesses are being allowed to function. Instead of acknowledging that markets work in boom/bust cycles of progress, excess, and consolidation, today’s generation of policy leaders want to eliminate cycles to preserve their fictitious wealth and power!…
January 29th, 2009 | Dan Denning | 7 comments | Continued