17 December 2009
Red Pie for Santa
Indiscriminate selling during the day after C fell at the open. The contradictions of this fall's investment thesis - buy gold because the world is coming to an end and oh by the way stay long equities because of a weak dollar - finally started to express themselves in today's selling. So if that model is broken a new one has to take its place. Long live the new market model. What ever that will be.