Market Watch with Tom Waitt

December_8th_2010.mp3 Lumber Building Value    Investors often act like lemmings, mythically following lock step till they fall off a cliff. Gold making record highs much like 1980 which ended at half their peak within two years. Dot Com stocks that disappeared after trading at incredible multiples, or equity indexes falling in half suddenly only to double once again.   Lumber (Click For Larger Picture) There is always an explanation after the fact once a major move occurs. Recent euphoria in Gold and Silver is different than the inflation induced line up at banks to by gold as a stay of value in 1980. Commodities have become a currency that will hold value even if the U.S. dollar weakens or the Euro plunges. But it will end as other avenues become more attractive. The key to investing is best explained by one of the top traders in the world George Soros; "Economic history is a never-ending series of episodes based on falsehoods and lies, not truths. It represents the path to big