Dow, S&P 500 close at highest levels in 2 years

Market Report - Feb. 1, 2011 - CNNMoney.com

Well this certainly looks like good news, least on the surface. Thoughts USMB?

 

More proof of a major jobless recovery. Again, only a much bigger one this time.

 

Gold: $1,333/oz
Silver: $28.05/oz
Copper: $4.52/lb
Oil: $92.00/bbl
RBOB: $2.44/gal


But, thankfully, inflation is in check.

 

A result of free money flowing into the system due to QE. Unfortunately, we're entering bubble territory and when it bursts, it won't be pretty.

 

Yep the vegas style market will not last.

 

A friend of mine grows rice in Texas.... he said last year prices were up 60%. So far this year (a month), they're up 40% and all indications are that prices will again double within the next few months.

 

Hurry quick and put our SS money in there before it crashes.

 

Yep and his inputs will track those percentages pretty well too.

 

I'm scared shitless of the markets, and have been for 2 years. Had I left my money in, I'd just now be back to where I was.

Gold and silver have been the ticket for the last 2 years (smartest move of my entire life, and I was scared to death when I pulled the trigger), and will be for the next 2, at least. Buy and hold, and forgetaboutit. Then sell it in a couple of years, and send me a thank you card

 

I bought gold eagles for I think it was $533 ea before the fall.