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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: ajtj99 who wrote (78474)4/29/2008 9:41:46 AM
From: Real Man   of 116555
 
We'll see. Stocks remain prone to Black Swan, which takes
SP back to 1270 lows within a week. So, risk remains quite
high. Whether this will happen now or later, I simply don't
know. 1400-1405 is one resistance, 1455 is another one. Gold
will likely soar when this happens. It's hard to anticipate
a huge swing higher in consumer purchases as retail gas
prices sky almost a buck in 3 weeks. I believe those were
artificially held down for some time.
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