Wednesday, December 18, 2013
One quick thought...
I realized that it actually should be the goldbug right-wing hyperinflationista wackaloons who are caterwauling for a 1929 crash.
After all, they're the ones who spent the last 3 years losing 90% in the junior miners while the S&P500 went up nearly 100%.
The people who most passionately want a crash, as Ritholtz and the Borker note, are the ones who haven't spent the last several years in the broad equities.
Yet again, Republicanism and Obama-hatred will remain a losing investment strategy.