Yeap, look like summer doldrums all right.
But price is so low so valuable in this NT.tse.
But watch tomorrow and Friday as PPI and CPI figures announced, these two inflation data will EXACTLY confirm Geenspam two weeks ago in Singapore Economy Conference. He said that there is no inflation problem in the uS economy systems. It implies FED will cut rates again 50basis points again.
Dow and Nasdaq will rally big times. My rational expectation NT will be $20's CD$.
BTW, Friday is also TRIPLE WITCHING as 3 options expired on 3rd Friday, and this one is more significant as this month is June month end of first half, you see.
I'm not surprised to see Dow more 200-400 points on the upside these days.
NT move $3-5 Canadian bucks of cuz on the upside, too..
Gold as no inflation problems, I see it goes nowhere, my suggestion is stick to NT and hi-tech stock in this business cycle sa yet until inflation hit US economic system or when gold hit above $300 and STAY ABOVE THAT $300 MARK AT LEAST FOR 3 DAYS, otherwise, NT is far much much better choice.
Again, this is just my RATIONAL EXPECTATION, NOTHING ELSE, DON'T BET ON IT.
Good luck to you, too.
John Paquet |
