Jack the Pipper

Well, that was awfully convenient. Did you notice the Dow rally 4% in the last 45 minutes of trading yesterday?

I channeled with Carnac the Magnificent late last night (Shirley MacLaine was nice enough to let me sit in on her session). Who else I thought is better positioned to make sense of what is going on in Europe.

This won’t be your usual Monday morning quarterbacking on gold (as we will likely see on CNBC this morning; which I won’t be watching).

You see it a lot in historic and fictional boxing matches – underdogs who come away victorious because they are able to outlast an opponent as he wears himself down. Let me make a quick comparison using this underdog/prizefighter analogy …

After this weekend’s bust in Poland, more and more analysts are becoming skeptical of a practical resolution to the eurozone’s problems.

The growth emanating from the global economy seems analogous to the sound of one hand clapping. For the mystics among us, they can still hear the growth engines humming.

The audience may not even care about your trading recommendations (success or failure); they just want information they can share at a cocktail party that will make them sound interesting.

I would like someone to write in to me and explain my narrow-mindedness, my myopia, or my plain ignorance of fiscal policy

There is little doubt the doom and gloom crowd has the upper hand when it comes to sentiment about the U.S. economy and its future in the world. I know many want their doom and gloom beliefs validated, and therefore it’s burning-at-the-stake time for one to be the least bit optimistic about the future of the U.S. at a time like this. But let me give it a try and see if makes any sense to you.

My apologies to Yogi! But can’t you hear it: “Do, re, mi, fa, so, la, ti, do…” I’m talking about the end game for the euro as a single currency of course.