My U.S. stock market scenario is playing out almost to a tee (that always worries me-lol). I felt it could last at least through the 1st quarter and even the first half of 2013. The perma-bears are even suggesting it can rally (they never actually say they were wrong – why I do is beyond me-lol). But remember, my belief has been (and still is) this will not lead to “Happy Days Are Here Again” but instead a horrific long-term bear market and the worse economic, political, social and spiritual period in the history of the U.S. Wall Street is more evil then ever!

I urge you to consider the work of Michael Pento. You can sign up for his free weekly podcasts at his website.

Sell bonds, buy peace of mind.

……more from Grandich HERE

Ed Note: For some perspective on the long-term performance of the stock market, today’s chart presents the Dow priced in another global currency — gold (i.e. the Dow / gold ratio). For example, it currently takes less than a mere 8.5 ounces of gold to ‘buy the Dow’ which is considerably less than the 44.8 ounces it took back in 1999. Priced in gold, the Dow has been in a massive 13-year bear market. The Dow priced in gold paints an entirely different picture than that of the Dow based on the US dollar (which continues to trade near post-financial crisis rally highs). On a positive note, the Dow priced in gold has just broken above resistance of its latest downtrend channel.