The trouble I have with Sprott and company is that they are heavily promoting their new gold fund so everything they come out with seems to be along that theme; ie distrust of government and fiat currency etc. I do not buy into the idea that the government can hold up the stock market through its buying power. If that were true, then stocks would not have lost money over the past 10 years; if they are intervening they seem to be very ineffective at propping things up in any event. I see the stock market presently as Ponzi-like because of it’s disconnect from economic and fundamental reality re future earnings and world growth and how the cheerleaders keep cheering trying to pull others in with them. All of the usual “long always suspects are out beating the drum for why stock markets should keep going up and investment advisor sentiment is back at a high. But as I see it, the buyers here are all the weak hands and those that are tied to a constantly long mandate, those that are free to think and wait are doing so, and that is my preference at this point as well. That doesn’t mean the market can’t run up some more I just don’t like the risk/reward probabilities from these levels.