The Great Give-Back; Stocks Looking Increasingly Risky

Remember all those big gains and happy faces on Wall Street after Tuesday's close?

All gone.

Because, stocks are tremendously overpriced.

Of course, there are other issues plaguing the US and global economies, but there really is no good reason to overpay for anything. From lettuce to gas to stone pavers, there's a worldwide oversupply of everything, and that includes stock certificates.

What is in short supply are honest politicians, central bankers who have morals, and honest money.

Buy gold. Buy silver.

Hump Day:
S&P 500: 2,064.46; -19.93 (0.96%)
Dow: 17,711.12, -217.23 (1.21%)
NASDAQ: 4,760.69, -49.19 (1.02%)

Crude Oil 45.99 +2.98% Gold 1,278.70 +1.10% EUR/USD 1.1427 -0.03% 10-Yr Bond 1.74 -1.31% Corn 376.25 -1.25% Copper 2.10 +0.26% Silver 17.45 +2.09% Natural Gas 2.17 +0.42% Russell 2000 1,114.74 -1.25% VIX 14.69 +7.78% BATS 1000 20,677.17 0.00% GBP/USD 1.4443 -0.03% USD/JPY 108.4565 +0.02%