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Tuesday, January 31, 2012

Yikes!

BDIY:IND 

702.00 24.00 3.31%

http://www.bloomberg.com/quote/BDIY:IND/chart 

 

  Massive head-and-shoulders formation in the market, which does not bode well going forward. End of month ram job so the punters get a nice statement for January (year's high?). Useless politicians continue to kick the can and add to an already unsustainable debt load. 

Sorry, but I don't have any good news. Capital preservation remains the name of the game for retirees. Suggest taking what you have been able to recoup and ladder some bonds for security as well as Gold and Silver. This false sense that something good is happening will not last. Young workers are going to be stuck paying off this touchy-feely time for many years to come.


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