I went to Costco today. I pass by this middle aged man and his son loading their cart with a bunch of canned goods. The man looks at me and says "... just preparing for the end of the world ha-ha". I tell him. "Smart idea". He is kind of surprised at my reaction. We start talking. I tell him how I have been doing the exact same thing for the last month (really years). His response was to say, that "is comforting, you look normal"
I asked what he did for a living. He said "Hedge Fund Trader".
I almost crapped my pants. He then went on to tell me how doomed we are, and how bad the system is going to fail.
Regardless of how much $ gets pumped into the market it's still going to go belly up. Consummer's credit and equity is maxed out and they can't really afford to borrow any more regardless if the banks do start lending. Wallets are going to remain closed ...and not from choice.
I may not be a genius. But, some people call this "a clue".
