Spiro you make a very valid point. I have been thinking about...

Spiro you make a very valid point.

I have been thinking about these markets and how uncertain everyone is; the way the indices yo-yo on a daily basis would have been enough (if I remember correctly) to send the markets into a crisis collapse/boom less than 15 yrs ago. An Example:

This morning in the US the NASDAQ started off at -.73% and at time of posting it is up at +0.38%. That's over 1% change in a single day...!!! And no one even bats an eyelid anymore. Surely this is a symptom of all the new Fed money sloshing around in those stocks?

I have extracted myself entirely into cash because it feels too much like a casino to me.

Gone are the days when stocks seem to have been valued on the future values of anticipated dividends. Does anyone still invest like that? You know look at a business and say "Wow these guys are going to give me a good return," or are we looking for the herd to rush in and buy the stocks we own up?

I'm figuring its time to get back to basics and am serious considering putting my money into some new privately own mining company mining gold and aiming to provide a fast return to shareholders. What do you all think? Risky I know, but is it really more risky than putting money into stock (not necessarily SXY) that either get rolled back and issued out or killed by the supercomputers in NYC and London?

BB