Drillfix,
Yeah, I watched Gerald Celente the other day in the USA peddling his 2012 'end of times' BS.
He's already predicted a colossal economic crash for 2011 which never came to fruition.
There's always someone out there with a sign that says "repent, the end is nigh', and currently it's him, LOL.
I've made a note in my diary for the 28/12/12 to check that Iran has been attacked, the world economy is in ruins, the banks have closed, the Occupy losers are a massive movement, USD crash, and that there's martial law in the USA, although I'm absolutely certain that the Second Amendment to the US Constitution will ensure there's no martial law in the USA.
No one will need to attack Iran anyway, they're busy self-destructing, the current unofficial inflation rate is 20%/month.
Also noted the post #.
The DJIA is only 9% off its all-time high, my shares and mutual funds giving me that warm fuzzy feeling, because it's only going to get better, maybe a new all-time high. Up 20% since its October low.
This is the strongest start to the year in Wall Street in 25 years, and in election years in the USA the S&P500 rises by an average of 12.18%, could be more this year as the secular bear market comes to an end.