Special Update
Dow Theory Train Wreck
Go look at this chart: here - which compares the Transports to the Dow and then read the article which suggests China's going to tell counterparties in derivatives to take a hike if the trade doesn't suit 'em.
But the best line of the day is from a Dr. Marc (Dr. Doom) Faber interview I missed last week:
"moderator: “last time you were on you said to buy a farm and a gun”
faber: “now you need a machine gun.”
moderator: “is there anything that could possibly derail your incredibly pessimistic scenario?”
faber: “Ahhh, no.”
How many ways can you spell t-o-a-s-t?
