karmaguy

The Market Has Got Some Fight In It

Finally someone who gets it! Did you know that 15 of the Dow 30 stocks are now at or within easy striking range of their January-March lows when the S&P was scraping along a bottom of 1260.
Yes, I think your dead right, the 1260 S&P lows and Dow equivalent lows wil be tested and broken before the end of September.

Time To Abandon Stocks?

To Gordon: Your right and your wrong! The Treasury is buying up the 10 year but they are printing money to buy them up. More printing means more U.S. pesos.

To Britishsteel: There is no more gold held by either the U.S. in Fort Knox or by European Central Banks. They both sold it all off under the urgings of Paul Volcker a number of years ago. (P.S. If you read recently that European Central banks were selling off gold bullion don't be fooled - in actual fact they were selling gold bullion they have BORROWED from private individuals, corporations and countries that have it stored in their vaults - with a promise to repay those holders at a later date.). In the long run , as long as the U.S. maintains its current economic and financial policies Gold will not decline significantly or to any other degree against the U.S. currency.