|
Typically, if stock markets begin to falter, we would have seen the POG move up slightly. This is not the case currently. I am beginning to believe that people cashing out of the stock market, are keeping their cash instead of reinvesting it elsewhere. Perhaps, they are waiting for better opportunities, perhaps not. If there is no move up in the POG over the next few weeks, I think there should be concern. The issue in my mind is that the typical mindset of market panic moving stock money to other "safer" investment vehicles has been broken, and cash in the bank is preferred. This may indicate that the bottom of the stock market falls even further along with gold, mutual funds, bonds, etc... ,in my opinion. |
