Tuesday, August 23, 2011
...a continuing series.
Yes, the last death throws of this particularly troublesome critter are (finally) being recorded, as the absurdity now appears obvious to all. We have passed the "greater fool" stage and are now entering the final run and eventual decline.
Breaking news yesterday was centered around the gold market (GLD) which continued its meteoric, some say, parabolic rise, to more than $1900/oz. and the predominant gold exchange traded fund, (GLD) passed the S&P 500 ETF (SPY) to become the largest ETF by market cap; truly a milestone and most reflective of our current environment.