BarnacleBob
05-16-2003, 09:51 AM
"...So let me get this straight... even as we speak, interest rates are now pounded down to lows not seen in 40-plus years, and the Fed is actually trying to ignite inflation, in direct opposition to the entire history of the world, the entire history of the Fed, the entire corpus of economics as a science and even common sense? And at the same time as price inflation is already rising, monetary inflation is blazing, Congressional budget-deficits are growing, the dollar is falling, the current-account is exploding, and yet the Treasury-buying crowd sees nothing but reduction in rates, so that yields will fall at the exact same time as inflation is rising? Wow wow wow wow!... "
http://www.321gold.com/editorials/daughty/daughty051603.html
One of the little charts I keep concerning the options market has been acting very, very weird all this quarter. Well, today finally my curiosity got the best of me, and so I went back through all of my charts back to 1993 and looked.
There were only two quarters that had a similar pattern. Now this is where it gets so very interesting. These two times were first quarter of 2000 and third quarter of 2000.
Okay, now my heart is really pounding with excitement now. I always had faith in this little indicator, and now it is really paying off. For you.
Because I am now declaring, with a foolhardy impetuousness and snotty arrogance that is probably going to get me into big, trouble, that my new Fabulous Mogambo Indicator mandates that not only IS the end near, but I am also now wearing a big sign around my neck that says, "The End Very, Very, Very Near" in my messianic-zeal to save your butt. Well, to be fair I have been saying that for a long time now.
But no matter how many times I have said it before, I have not, and pay attention here because I say NOT, ever been quite so strident with this new manic-level insistence, actually setting new Olympic world-records in hysterical over-reaction and pompous, preening self-confidence and conceit, that sometime within the next two months, tops, the Fabulous Mogambo Indicator will be not only be exactly proven right, but that cheering throngs of adoring and grateful people will be carrying me on their shoulders up and down the boulevards of the town, shouting huzzahs to me, "Mogambo! Mogambo!"
My whole career has been leading to this moment. And now it is here. How's THAT for momentous and portentous?
The Mogambo Guru Lives!
Richard Daughty
May 15, 2003
http://www.321gold.com/editorials/daughty/daughty051603.html
One of the little charts I keep concerning the options market has been acting very, very weird all this quarter. Well, today finally my curiosity got the best of me, and so I went back through all of my charts back to 1993 and looked.
There were only two quarters that had a similar pattern. Now this is where it gets so very interesting. These two times were first quarter of 2000 and third quarter of 2000.
Okay, now my heart is really pounding with excitement now. I always had faith in this little indicator, and now it is really paying off. For you.
Because I am now declaring, with a foolhardy impetuousness and snotty arrogance that is probably going to get me into big, trouble, that my new Fabulous Mogambo Indicator mandates that not only IS the end near, but I am also now wearing a big sign around my neck that says, "The End Very, Very, Very Near" in my messianic-zeal to save your butt. Well, to be fair I have been saying that for a long time now.
But no matter how many times I have said it before, I have not, and pay attention here because I say NOT, ever been quite so strident with this new manic-level insistence, actually setting new Olympic world-records in hysterical over-reaction and pompous, preening self-confidence and conceit, that sometime within the next two months, tops, the Fabulous Mogambo Indicator will be not only be exactly proven right, but that cheering throngs of adoring and grateful people will be carrying me on their shoulders up and down the boulevards of the town, shouting huzzahs to me, "Mogambo! Mogambo!"
My whole career has been leading to this moment. And now it is here. How's THAT for momentous and portentous?
The Mogambo Guru Lives!
Richard Daughty
May 15, 2003