dailyreckoning.com.au / By Bill Bonner / October 26th, 2012
Reckoning from Normandy, France….
US stocks down another 25 points on the Dow… gold dropped (briefly) below $1,700 an ounce.
If we were you, dear reader, we’d get out of stocks while the getting is good. It’s good right now. Because stocks are expensive. Someday, they’ll be cheap. Then, you can get back in.
Meanwhile, with the US presidential election in just a few days, we thought we’d take a few moments to focus on the candidates. As far as we know, both are intelligent. But neither is very thoughtful. At least, judging from what we’ve seen.
Then again, we give them the benefit of the doubt. A thoughtful man wouldn’t get very far in politics and the two candidates know it. They are likely to hide their thoughts, if they have any.
Of course, it’s easier to hide thoughts when you don’t have any to hide, so our guess is that they really are what they appear to be – busy, smart, ambitious men with little time for reflection… and little appreciation for it.
Honest thought would be disastrous for their careers. When a man presents himself as a candidate for president of the US he mustn’t let on that he’s actually thought about things.
Thanks to BrotherJohnF