A. A bubble ? . . . a top? . . . crowded
trade?

Possibly . . . IF and only IF ALL the
underlying fiscal, economic, regulatory
and monetary issues have been
satisfactorily addressed.

The questions are: What specifically has
truly been addressed in a satisfactory
fashion? Also, are we able to restore or
create an adequate number of private
sector jobs that will account for those
(officially AND unoffically) currently
out of a job or working only part time?
Are we fooling ourselves or is there a
real chance that we are actually in an
era that will be characterized not as
having ended a recession but remaining
in a state of depression (similar to the
Great Depression but with the experience
of inflation for real assets)?

One key factor at this juncture, imho,
is the national debt clock that is not
likely to slow its cuurent ascent, much
less reversing anytime in the near
future. . . which is akin to a economic
death march.

A drop in gold to $1,000 of course is
possible . . . which would be a good
support level as well as another
opportunity to 'buy in' to what the
future could very well be.

A. The only one I own : SLX,
too hard pick a winner out all of them