Dr. Doom is back with a forecast of $3,000 for gold, viral dread and a sense that the Fed is failing to stabilize the repo market.
Why the enthusiasm? Some see a link to decisions by brokerages to cut commissions on trades to nothing. Trade volume at discount brokers is exploding.
"The bottom line is there is no respect for risk in the equity market and mania is not indefinitely sustainable, there is no permanent plateau."
Barclays Wealth Management’s chief investment officer William Hobbs finds overly anxious investors living in the “long shadow" of financial crisis.