cue the lightning bolts

the only question that matters: is it true?

Iran has signed the NPT. As a signatory to the NPT, Iran may rightfully, legally, use nuclear technology for peaceful energy purposes. Iran has submitted to and passed repeated IAEA inspections. The US intelligence community (NIE) does not consider Iran a nuclear threat. Israel refuses to sign the NPT. Israel has an estimated several hundred undeclared nuclear weapons. Russia and China have warned that an attack on Iran will have global consequences. That's the situation in a nutshell. Where to next, people? Where to?

Have I now become your enemy by telling you the truth? - Galatians 4:16

3.10.2009

Urban Survival notes today is a designated happy day

After the market dropped about 80 points (Dow points, we're talking) Monday, I went to bed last night wondering "I wonder if the commercials will be able to suck the public back into the market again with another bottom-picker's rally before we get a real wash-out, fear to the point of wetting ourselves - panic-is-everywhere - bottom?"

Sure enough, despite headlines like "Asian stocks advance, but economic worries linger" I woke up this morning to a crawler that told me the Dow futures were pointing up more than 100 points.


[snip]


The moment the Chinese wake up and proclaim: We want something of real value, not just more paper, then the U.S.A. has a serious problem on its hands. That's when our currency collapses, China becomes the world economic superpower and we drop to nth place as a third world country. But not to worry; the linguistics on this indicate it won't get underway until a particular part of May of this year and the workout will run from late summer out through 2010 and beyond.

So much for trying to spot a bargain...and yes, the concept of buy and hold really is dead except for one class of companies: Those that are domiciled in; use raw materials almost exclusive from; and have a market both inside the USA and overseas; and last nut not least, have a tangible product with decent barriers to entry for would-be new competition.


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