Our good friend Ned Schmidt returns… He’s bearish as ever on the fake IP driven stock market. He doesn’t believe it has staying power or represents anything of value. Is he right? Gold has been dragging along at the low 1200’s and silver even worse, but Ned thinks it’s all about to change. Will the stock market return to realistic valuation levels or is this a case of the market remaining irrational longer than you can remain solvent? We’ll soon find out.
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