On yesterday’s site, I described the technical and fundamental mish-mash that now confronts us. I note that I’m still receiving advisories with long lists of stocks to buy. It’s not easy to make money when the trend is obscure. Along these lines, I note the thousands of hedge funds have thrown in the towel. CalPERS, an enormous California pension fund, has eliminated all the hedge funds from its portfolio.

One trouble with this business is that people won’t stop talking and advising even when they don’t have the slightest idea of what they’re talking about. It’s no mark of shame to admit that you are clueless, which is about where the investment industry finds itself today.

[amazon asin=1607965186&template=*lrc ad (left)]I note that there are five distribution days on the Nasdaq and three on the S&P. This is subtle evidence that institutions are quietly exiting this market.

The dividend yield on the widely followed S&P Composite is now at an historic low of 2.1%. This alone provides fuel for caution. For those wishing to avoid white knuckles and sleepless nights, I continue to suggest holding real constitutional money, better known as silver and gold. I thought of the Forty-Niners, who staked their futures on the hope of finding gold in the West. I thought of the prospectors who withstood freezing winters in their quest for gold in Alaska. Yet the wonder is that in a single generation, the Federal reserve has turned gold into an item of loathing. If you repeat a lie often enough, people will believe it. With the help of paper gold manipulation, the Fed has turned the public against constitutional money.

Gold is built into the DNA of mankind. My own conviction is that the Fed has committed one of the greatest crimes in economic history. Despite the anti-gold propaganda, gold will be the last currency standing. Buy gold while you can.[amazon asin=0307887189&template=*lrc ad (right)]

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Suddenly, we’re dealing with a new Barack Obama; in a nutshell, he’s saying that he’s “had it.” The various Muslim factors are standing aside and watching the murderous ISIS gang have its way. Obama is saying that the US will do its part from the air in degrading ISIS, but the other Muslim factors must get together and stop ISIS on the ground. Furthermore, if ISIS directly menaces the US or its citizens, it will be stopped by whatever means are needed. This includes massive force which hints at atomic bombs.

Thus, the new Obama has made his case. The US will do its part in the air, for halting the murderous men of ISIS. The US is now upgrading its nuclear capabilities and if the US is directly menaced by ISIS, the tremendous power of the US military will come, if needed, and be used by the US to halt and dismember ISIS. ISIS, by its operations, is giving Muslims a fearful and horrendous reputation. At this point, it is up to the Muslim nations to stop ISIS. If the US must do it alone, so be it, says the new Barack Obama.

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