Good morning, Slopers.
I’ve been awake since about 5 a.m. (which wasn’t that long ago) reading ZH and trying to catch up on all the overnight insanity. I love times like this, because the environment lends itself to the Slope comment section being more rowdy and enjoyable than a favorite bar, and the articles over at ZH are in superb form. It’s a pleasant repast.
Adding to the atmosphere, of course, is the entire Snowden affair. We do indeed live in an upside-down world if a individual who cherishes freedom and liberty is pursued by a wicked government and flees to the safety of countries willing to harbor a fugitive………….except that the role of the wicked government is played by the United States and the good guys are played by the likes of Russia, Cuba, and Venezuela. This all seems about as rational as Hillary Clinton deciding to purchase dresses in the Petites section for the rest of her days.
One thing I am watching very closely is the relative performance of gold versus other assets. Gold is my only large long (oh, shut up), and although I’m not thrilled that it’s down, I was relieved to see that it’s actually down a little less now than it was last night, even though other assets have fallen much lower. In short, I’m watching closely to see how gold is able to hold up against the asset-drubbing, since a refusal to break to new lows might be a sign of a turnaround.
Lastly, I watched with great interest the Grand Canyon Walk last night. World-famous Sloper Iggy Iguanadon re-imagined new possibilities for the Chairman, since he may need to re-examine career options in the near future.
