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  • Global Market Performance: Nowhere to Hide [View article]
    Nice clear article which I happen to agree with. The bottom-callers (where is Dick Bove when we need him?) have been talking about the gloomy mood on the Street for months. In fact, the mood only recently shifted to genuine gloom. Until a few weeks ago, the bulk of investors believed that every drop was a buying opportnity. They believed this because that is what they were taught to believe by the Fed and its ever-inflationary policy. When the Fed always has your back, being a stock market genius is easy.

    It has taken a serious drubbing to wake these geniuses from their intellectual slumber. The trend is down, and it is firmly established. "Nowhere to Hide" is an excellent summary of the situation in traditional stocks.

    Me? I'm hiding in AUY, GRS, HL, SDS, EEV, ....
    Jul 06 09:14 am |Rating: 0 0 |Link to Comment
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