Agreed, cash and gold, and 3800 or any other previously unbelievable number. Absurdity rules now and it will continue for long.

>Looks like we are going to retest the lows, if it doesn't hold there is no support in sight.
>
>3800 on the DOW by the end of the year is my estimate, Obama's team is not inspiring confidence.
>
>Personally my holdings are up, Cash, TIPs and Gold
>
>It won't end until the banks and gov't stop lying to us (and each other) about the crappy assets on their books which doesn't seem to be in the cards.
>
>But you guys in the UK aren't doing any better
>
>Bob
>
>>Where have all the market prognostocators gone? DJ in nice freefall today ... 7600 and ... quo vadis?