It seems that
The Big Picture blog's own Barry Ritholtz agrees with some of the very points the "
Seeking Alpha nutjobs" have been making. Now, Barry is definitely not a nutjob, he's a knowledgeable, rational, very smart and highly entertaining fellow. And I happen to agree with most of what he says or writes generally. I believe he may have gotten a little carried away in his demonization of the Fed (although I agree that Greenspan's Fed was definitely more evil than Bernanke's Fed) but the points he's been making about the Fed over the past year are not to be dismissed; he may turn out to be right more often than wrong.
Barry mentions this
great article where Newsweek's Dan Gross (one of the best financial journalists outside of the blogosphere) touches on something I
alluded to previously, namely that "
some people, blinded by their political views and ideologies, are hating this rally".
Another must-read article is this FT Alphaville post on gold (here's another good one). Whether this breakout is of the launching pad or the head fake variety, one should expect some serious volatility in gold.
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