From the Richter Report:


The markets are acting totally different -- but has anything really changed to justify it?

1) Is General Motors a company into which you want to invest your life's savings?

2) Is Wachovia a company into which you want to invest your life's savings?

3) Is Ford a company into which you want to invest your life's savings?

4) Is Washington Mutual a company into which you want to invest your life's savings?

5) Is Lennar a company into which you want to invest your life's savings?

6) Is Starbucks a company into which you want to invest your life's savings?

7) Is Lehman Brothers a company into which you want to invest your life's savings?

8) Is Hovnanian a company into which you want to invest your life's savings?

9) Is the US Dollar a currency into which you want to invest your life's savings?

10) Is Citigroup a company into which you want to invest your life's savings?

11) Is Merrill Lynch a company into which you want to invest your life's savings?

12) Is Home Depot a company into which you want to invest your life's savings?

13) Is Circuit City a company into which you want to invest your life's savings?

14) Do you think that we ae going to see more foreclosures or fewer foreclosures during the next year?

15) Do you think that bankruptcy lawyers are hiring more "support staff" or less?

16) Do you think that real estate "always goes up?"

17) Do you think that real estate closing attorneys are hiring more "support staff" or less?

18) Do you think that the Federal Reserve Bank is going to raise the Fed Funds rate by at least 3% to 5% at its next meeting in order to "pull a Volcker" and crush inflation out of our economy?

19) Do you think that Congress will cut spending and lower taxes before the November election?

20) Do you think that the current moral and ethical climate in the United States is indicative of an ascendant culture or of one in decline?

21) If we had a power failure, how would you pay your bills?

22) If we had an oil embargo or gasoline rationing, how would you get to work?

23) If the tractor-trailors were unable to deliver food to your local supermarket, how long would you be able to feed your family?

24) If the FDIC has about $53 billion with which t0 insure TRILLIONS of US bank deposits, is that enough?

25) If US government bonds are paying about 4% at most, do you think that is a positive return after one considers taxes and inflation?

I realize that I have asked a lot of questions. However, I have recently watched as tangible assets have been absolutely "trashed" and the DOW has gone up by more than 300 points in a single day. Therefore, I had a few questions to ask. Obviously, when the DOW and the US Dollar go up so strongly, the "worst must be over," n'est pas? (That's French, just in case you were wondering). The fundamentals must have changed, RIGHT? Paper investments must be better than tangible ones, right?

Welcome to the Caligula economy! Next thing you know, we'll be asked to declare a horse a god and a member of the Senate! Go ahead...make my day! Sell all your gold, silver, mining shares, and energy shares! I will keep mine.

P.S. Do you think that a piece of gold is worth more or less than a piece of paper with ink on it?