If the S&P500 could sing

Look at what's happened to me, I can't believe it myself.
Suddenly I'm up on top of the world, It should've been somebody else.
Believe it or not, I'm walking on air.
I never thought I could feel so free-.
Flying away on a wing and a prayer.
Who could it be?
Believe it or not it's just me.
It's like a light of a new day-,
It came from out of the blue.
Breaking me out of the spell I was in,
Making all of my wishes come true-. B
elieve it or not, I'm walking on air.
I never thought I could feel so free-.
Flying away on a wing and a prayer. Who could it be?
Believe it or not it's just me.

By Mike Post from Greatest American Hero

Hedge: Long LAYN Short CAT

LAYN is in the mining business, like CAT is, by selling machinery. It has a better balance sheet than CAT does (less leverage) and provides more, I believe, machinery to the gold mining industry. So I believe it's a great hedge; especially with the thought that it may be bought out by a behemoth like CAT. It is also a play on the rising price of precious metals.

10% SHORT

I think Caterpillar (CAT) can sell off 10%. The risk is its 52wk high. The market is bullish but some more than others, hence the word hedge. This is a great stock to short I believe.

Buy penny stock gold mining companies

I think Jim Sinclair is correct and that people will be hunting for big speculative plays. If gold is here to stay, then the year 2000 for high techs will be chump change as gold mining companies will be considered, in an early stage, as financial institutions were once. 1-10,000% should be the peak on them.

If that is an exagerration then please review the year 2000 bubble where high tech companies with virtually nothing jumped from$1 to $300 per share.

Lets see.

Of course, the dollar and financial confidence may crash and that is something I do not want. But a bull market in inflation plays appears to be the long term trend currently.

CDE should be a $200 stock.