I'm with you all - I'm very sceptical too. In the last 2 weeks I've profit taken with RIO and WPL. You just need to remember what makes the stock market grow - it's not rumours, it's not opinions, it's not sentiment; it's money. We have seen massive volumes of real hard cash pouring in the market - money speaks a thousand words.
It's the disbelievers who are stopping it from running even harder than it is, but they are the noisy minority. While the super funds, directors etc are pumping money into the markets here we have various media groups saying the worst is to come. How? Why?
We are in a democratic world. You give the people what they want (not what the nation needs) and you will stay in power or get elected. What's the easiest way of doing that? Printing more money than ever before! It's so easy - why run a country down to where people are trashing the streets, shop windows, cars just to survive? It's way too risky for any political party to let their nation fall to the much needed pits before it can soundly rebuild, otherwise they will get kicked out of office.
For now, I'm dead set certain that money supply will never be a problem ever again - ever! What I'm dead set certain of is that the money will loose its value at an alarmingly high rate. The nations that abuse that privilege of expanding the money supply the most will be hit hardest - they will pay much more for their oil/energy, commodities, food stuffs and consumer goods. The UK is one country that I believe will be the worst hit. A dollar note is nothing but a promise that it is of a certain value - never loose site of that fact. The value it contains must be able to purchase something of value. These somethings of value will be scarcer than ever before in proportion to the amount of money that will be created.
If I'm right - then commodities is the number area we should all be into.
