Always Fascinating the different reads of the market.
Whole series of timers and gurus an extremely bearish, but many have been that way a long time. You on the other hand have been bullish for sometime and have been off the mark if not just early...! DW'a the same...! <smile>
So far a 20% drop in the Dow and S&P are just good solid corrections..., along with the Wilshire, RUT and VLE which are down as well..., but some sectors have held up beautifully, if one were good at picking sector rotations.
But the Nasdaq has crashed..!
GZ..., this adds certain obvious weight to the Dow and S&P.
When looking at DWa's stand on Gold and the Canadian dollar..., I need to look a little closer at what might be moving them..., (this includes the grains). Either consideration for the markets direction going out 6 months to a year, must consider some political and economic cycles, and I believe some astro stuff. The economies of the world are in relatively good shape and the USA is in excellent shape..., having gone from $150-a-bottle of Champagne to $50.
We've not been driven to the $5 stuff..., Not Yet.
I'm looking for a short term rally..., but wary of any move that cannot be sustained. BTW, the market will move up when the congress dumps the Bush tax cuts.
So..., what could cause the dollar to stumble....? |
