Harbinger of doom

I don't know if it's a coincidence, but on the day the Dow stunk up the joint, the Varones estate had its first skunk sighting.

Today was interesting. Everything was down, from stocks to the ABX to gold. The energy sector was brutalized -- down 4%, with leader ExxonMobil down even more on a bad earnings and production repor. The only safe haven was Treasuries. It had the feel of forced selling. I think there are some more big hedge funds imploding, but the news may take a while to come out. I'm staying the course, still short CFC but otherwise long gold and foreign and domestic stocks, and still dollar-cost averaging into all of them. Where else are you going to put your money? Bonds? Ridiculous. Cash? Maybe, but if this thing gets as ugly as people fear, Bernanke is gonna turn on the printing presses.

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Happy Super Tuesday!