An informative end to the Mogambo Guru's usual humorous rant:

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So I lovingly said, “What in the hell do you idiots want?”

With a look of victory in their eyes, they pointed to the table that showed that the stocks in the Dow Jones Industrial Average are paying out cumulatively more in dividends ($309.07) than it reports in earnings ($253.28), as does the DJ Transportation Average ($72.27 dividends versus $64.07 earnings) and the S&P 500 ($24.08 versus $14.88)!

I shook my head at such stupidity, but then brightened up when I realized that all that future selling of stocks as earnings continue to decline and dividends (which are already low) means that a lot of guys who sell will suddenly be flush with money, and just as suddenly are going to think of gold, gold, gold within hours of saying to themselves, “Now what in the hell do I do with the money?”

Whee! This investing stuff is easy!

http://news.goldseek.com/RichardDaug...