    It looks like the wider markets fell today, clear across the board.  Let’s not talk about volatility… it’s just going to be a fact of life for a while. And not only for stocks but also gold and commodities as well. It’s about time for the commodities to take a hit, with so much rampant speculation in recent months. Are the easy money days for prescious metals and commodities over?  Maybe.  There’s still lots of gold bulls out there however. Difficult to fathom buying gold near $1000 an ounce.
    Somebody tell me, besides owning the value of the metal- what do you do with that gold? Obviously you don’t have to hold gold bullion. But many people do and think they’ll trade it or something if paper currency goes bonkers. Certainly lots more folks invest in precious metals mutual funds and gold stocks as well. Over the past 5-6 years they’ve done very well. Be that as it may, for now I’ll stick with stocks and mutual funds for the majority of my long term portfolio.  But debating the merits of gold versus equities is not something I’ll wade into. There’s a few questions I just don’t want to ask right now (or hear the answers to…).
Sphere: Related ContentTwo lawyers were in court in a small southern town and learned a lesson about relationships and long memories.Â
The prosecuting attorney called his first witness, a grandmotherly, elderly woman to the stand. He approached her and asked, “Mrs. Smith, do you know me?” She responded, “Why, yes, I do know you, Mr. Williams. I’ve known you since you were a boy, and frankly, you’ve been a big disappointment to me. I have known you to lie, to cheat on your wife, and to manipulate people and talk about them behind their backs. It seems you think you’re a big shot when you haven’t the smarts to realize you’re just a two-bit pencil pusher. Yes, I know you.”
The lawyer was stunned by her reply. Not knowing what else to do, he fumbled with his papers and then pointed across the room and asked, “Ah, well, Mrs. Smith, do you know the defense attorney?”
She again replied, “Why yes, I do. I’ve known Mr. Jones since he was a youngster too. And do you know what? He’s lazy, mean-spirited, and has a drinking problem. He doesn’t know the first thing about people, and his law practice is one of the worst in the entire state. Oh, and he cheated on his wife with several different women. One of whom was your wife. Yes, I know him.”
The defense attorney’s mouth just dropped open and he didn’t know what else to say.
The judge then called both counselors to approach the bench and, in a very quiet voice, said,
“If either of you idiots asks her if she knows me, you’ll never practice law again!”
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