In this week's Off the Cuff podcast, Chris, Adam and Charles discuss:
- The Bubble Peak
- The similarities and differences between today's market and past bubble peaks
- When the Party's Over
- Why there will likely be no bounce back from the coming correction
- When To Deploy Your Dry Powder
- If raising cash makes sense now, when should we start spending it again?
- What's In Store for Gold & Silver
- Is the bottom truly in? If so, what to do next?
This week's Off The Cuff podcast is more a fireside chat — literally. While Chris is passing through Northern California, he and Charles sat down in my living room next to the wood stove, and we started the microphone.
What followed was an animated discussion about the irrational heights of today's markets, most notably the S&P which Chris believes is now engaged in what he terms "the dance of the big round number". Humans are drawn to round numbers and 2,000 is now tantalizing near. Similar to the Nasdaq sprinting up to touch 5,000 before collapsing, he and Charles suspect we may be in the "blow-off" top phase of the paper markets, which many technical analysts think is needed before a major correction can ensue.
We then went on to discuss how it will be much harder to re-inflate another bubble after this one; differing from the rebounds seen after the tech stock and housing manias.
by jturbo68 
