With the Dow comfortably above 18,000 and the Nasdaq near 5,000, today a 50-year market veteran warned King World News that with 93 million people already unemployed in the United States, the coming nightmare will be multiples of the Great Depression. He also spoke about the action in the gold and silver markets.
John Embry: “I’m so frustrated by the bogus market action that I don’t even know why we have markets any more. The fraudulent move in the stock market on the heels of a preposterous jobs report on Friday was clearly orchestrated to get the Dow above the critically important psychological level of 18,000 and the Nasdaq over 5,000….
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