DOW 10,000? Watch the zombie bull ride as the US Dollar tanks!

Update: linkys added

zombiebull

How long can it go on before the falling dollar slips from the control of Rahm and Timmeh and we get slammed with hyperinflation? MiM is long HARD assets now, like  ‘drop it on my foot go ouch’ hard as the guys on FastMoney would say…it may seem like a brilliant idea to these fools on the Hill to let the dollar slip to reduce the ginormous debt, but Americans buy goods with American dollars ya dig? maroons, all of them. No nation ever got strong by devaluing its own currency, was that Reagan? Kudlow opines:

Smells like the 1970s.Just look at two ominous headlines in the news: First is the global shift out of the dollar and into commodities. Second is the dollar losing its reserve status to the yen and the euro.

In the second quarter ending in June, central banks around the world invested 63 percent of their new cash reserves into euro and yen, and put only 37 percent into dollars. Over the past six months, the dollar has lost 15 percent while gold has climbed nearly $150. If this continues, spiking inflation and interest rates will choke off the bull market in stocks and do serious damage to the economy. It could happen fast.

Yet markets are rallying hard off the weakened greenback. They think consumers will feel BETTER about spending as their dollar value shrinks?? (exports may help the MNCs and unions short term but it is a fool’s game) The DOW is up >100 b/c the retail sales only fell 1.5% (consensus was over 2%)  IMO any bump on anything but sustained job growth is premature, I dont give a flying frak if they say it is a lagging indicator*, the US Consumer is STILL 70% of GDP and TOTUS is off the rails of the crazy train spending like it’s going out of style (and it has gone out of style!)…

How bout some Metallica? The Bell is Tolling for the US Economy and the fools don’t hear it.

Cliff Burton style, God Bless him.

Courtesy of rx7sandman:

The video contains video clips from “Cliff ’em All” and “For Whom the Bell Tolls” (1943 film based on the novel by Ernest Hemmingway). Instrument timings may be off because Metallica played at a higher tempo live than their original track.

*IMO there is NOTHING normal about the economic cycle we have put ourselves in, it was not organic, it is manmade the double dip we are about to experience, we are going to have >debt exceed 100% of GDP shortly, we are in serious shxt and no one should IMO be happy happy joy joying until we are safely through 2010 elections and we get people in Congress who will STOP THE SPENDING. What applied in 2007 does not apply to today’s economic environment which is frankly, hostile to growth IMO.

DOW is now 52% above the low close of March 9th, did I miss gains, hell yeah, did I miss losses, triple hell yeah, do I feel ‘safe’ enough to take risks with investing in let’s say Dividend paying stocks when TOTUS is about to increase taxes on dividends to 50%? No I sold my KO, (coca cola) and it sucks! I should be able to hold it but in TOTUS environment I cant, they are going to tax the cap gain, tax the dividend, tax the product to consumers. Not worth it to me to hold in that environment. this has been a rant of the emergency ranting system/ please never forget I am not a professional trader I just play one for my family 🙂

Hey you know what else is rising on the weak dollar? Hmmm… OIL back up to 74.87 now and Gold is safely hanging at record levels over $1060.00. Think high OIL will hurt the consumer in heating season, could be rabbit could be…Sharon Epperson reports CNBC it is a dollar story not supply or demand, dollar down 10% in 6 months has sent crude up 50%.

October 14, 2009. Tags: , , , , , , , , , , . Economy, Finance, Heavy Metal, Labor Department, Obama Administration, Politics, Taxes, Unemployment Statistics, Wall St.

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