CTMike

Friday Outlook: Commodities, Global Markets

David,
This is the first time in my memory I didn't see a GLD chart. Conspiracy theorists will claim you have moved over to the dark side. My "guess" is that you feel it is irrelevant or golds moves are so unexplainable its not even worth trying? Please explain so I don't have to "guess".

My take on the market for what it's worth is that the administration is gambling that they can "talk" the markets/banking system back to health and they very well know they are stretching the truth and downright lying at times. They have put all their cards on the table for this final bluff. If it works they will be hero's. If it fails, some of the doomsday scenarios become a possibility and the general public will turn on them faster than the speed of light and possibly not return until a new administration takes over.

Have a great weekend and thanks for all your insight/analysis.