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12.1.2014 Post Holiday Reality Bookmark

The Swiss voted no on bringing their gold home and backing their currency with a 20% weighting. The rich hated the idea, as did the Central banks and they pushed hard to frighten everyone into believing that printing money out of thin air is the only way they can deal with the European Union's woes. So they scared the population into shooting down the initiative. I suspect that in the future, the Swiss people will lament that decision.
The Swiss voted no on bringing their gold home and backing their currency with a 20% weighting. The rich hated the idea, as did the Central banks and they pushed hard to frighten everyone into believing that printing money out of thin air is the only way they can deal with the European Union's woes. So they scared the population into shooting down the initiative. I suspect that in the future, the Swiss people will lament that decision.

Oil is plunging, Black Friday sales fell 11%, China's PMI missed, and Italy, France and Germany now sport PMI's under 50. Japan's "all in" push to destroy its currency has resulted in auto sales falling 13.5% YOY.  All in all, I'd say that things are back to normal...and normal stinks like 10 day fish.  Is the market getting ready for a bit of "red?"  This week might bring some out, yeah.

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