I remember his breakdown on CNBC very well. Was rambling on about "car people" back when GM was on the verge of bankrupcy. It was bizarre, and his co-workers did not know how to handle his answers.

Nobody else would have had the stones to take the unbelievable and unprecedented global actions he took. If not for him, my 401k would be toast, and probably my job too. Sure, there may be inflation someday, but I'll take that as long as I have my job and 401k intact.

Yea, I love my iPad, but the lack of Flash is a huge impediment. I complained to Apple about it - they did not respond.

Big difference is the NASD P/E ratio was sky high back then while AAPL is just moving to the norm for its earnings (and still low for its growth rate).

Feels like a blowoff top, but my gut feel is usually wrong.

I read Felix Zulauf's opinions whenever I can. A few months ago, he said that the rally might persist throughout the 1st quarter, but crash in the middle of the year, and he was short. The interviewer asked what would change his mind and make him cover his shorts - he responded "S&P500 closing above 1370". Guess he's covered by now.

Thanks for posting that link! It explains why I still cannot reconcile my broker's reported wash sale allowances after working on it for 2 weekends. I was shortchanged significantly by the way my broker reported my losses and wash sales. They did not even warn me of this problem.

zach06, Nice chart on the MF. Where do you get this info?

AAPL to $1000? I remember in 2000 when QCOM jumped by $150 in 1 day when an analyst issued a $1000 price target. That was the blowoff high for QCOM, the tech bubble, and my net worth.

But but Dennis Gartman said to buy Gold yesterday on" Fast Money" 

You sure about that data? I don't recall gas selling under a buck at the end of 2008.

Same here! I have bought slightly OTM Puts on FXE several times in past year - all expired worthless as the Euro always turns up when I short it via Puts.

Matt, This is my favorite type of commentary, as I am mostly a 401k investor looking for "big picture" longer term trends. Thanks for posting!

Is this time different? I know we are not supposed to claim that. But, we are seeing unprecedented interest rate easing, QE, and liquidity flooding on a global basis. Even though we see occasional deflationary dips, we see them countered with reflationary liquidity each time. So, maybe this secular Bear will not look like the others cited in the Pring report. Just something to consider.

This premium is ridiculous. His PHYS gold fund was once also above 30% premium and fell back to 3%. There is no rationale for this other than temporary emotion. There are other options for investing in the price of silver w/o risking an additional 30% loss due to excessive premium.

Matt,

I have found that Excedrin Migraine tablets work miracles for my migraines.

By coincidence, IBD switched from "Market in Correction" (starting Nov 17) to "Uptrend Confirmed" just last night. Yet, O'Neil may see yesterday's move as a good short opportunity.

Is it too late to short something related to China hedge fund holdings? It seems the indices related to China are already at multi-year lows. Any suggestions? Thanks!