An overwhelming storm
Posted By Staff Reporter on February 8, 2010
By Bill Bonner
Baltimore, Maryland
It was ‘snowmaggedon’ here this weekend. On Friday the city was on the verge of panic. Governor O’Malley announced that snowfall might reach 30”… salt trucks were everywhere… They were lined up around the beltway like the National Guard waiting to stop an invasion…
… and everywhere people went home – or went to out buy food, movies… the essentials…
“How much wine do we have stocked up?” we asked Elizabeth.
“Not enough…” More below…
There was a storm raging on Wall Street too. And by the end of the day, traders, investors and speculators probably wished they had stocked more alcohol for the weekend.
The Dow was up 10 points. After being down 100 points. Gold fell $10.
“Clearly we have entered the worry, fear camp,” said one pro…
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