cedit crunch over: the keynsians were right, page-56

your asking advice from a guy who has just fixed an electronic "finger sign" to his VDub pug! (it was a gift)

FWIW I'd watch TV as all you have to know is that this Prof. (& former Reserve Gov ?)is talking the same language as most here and for me that means a little credibility

How's this for a thought:

The S&P 500 had the highest p/e at the end of June at 134 since records were kept on this index:
http://www2.standardandpoors.com/portal/site/sp/en/us/page.topic/indices_500/2,3,2,2,0,0,0,0,0,1,11,0,0,0,0,0.html

My guess is that markets will tank again bigtime soon and I reckon its best to hedge the possibility that gold could get caught up with it all again -ctindale and adweb and others here have a point
If the markets tank bigtime and gold tanks smalltime then the DOW/Gold could get somewhere near its historical lows (the miners rock on but bullion goes nowhere ?) -the RSI on the DOW/Gold (at GoldOz) at 25 is at historical lows - the level it was around 1980 when gold was $750USD (and what does THAT mean anyone?)

cash and bonds are still King and still great investments I reckon but that hasn't stopped me holding PM's and PM stocks as a hedge against a financial crisis- I wonder what the real yield on fixed interest is if we add in that negative inflation out there (I'm sure it's out there somewhere or at least coming soon to an asset near you someplace!)

have a good weekend everyone