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To: Mike M2 who wrote (181802)7/21/2002 8:46:46 PM
From: Oblomov  Read Replies (1) | Respond to of 436258
 
also in that post:


Since 1988, the price of gold has had a negative .85% correlation with the S&P's, and since
1994, this correlation has risen to .94%. So, if you are bearish on the stock markets of the world, then it must follow that you are bullish on
gold.

If this is true, then it does NOT follow. These correlations are so close to zero as to be meaningless. In any case, correlation is a poor way of understaning how two or more markets interrelate.



To: Mike M2 who wrote (181802)7/21/2002 10:27:19 PM
From: yard_man  Read Replies (1) | Respond to of 436258
 
buuuuut, mike ... confidence has not been destroyed yet. Majority still believes stocks always come back. We are still just going through a "rough period." No joke ... when confidence gets destroyed we go much lower.



To: Mike M2 who wrote (181802)7/22/2002 2:27:51 AM
From: LLCF  Respond to of 436258
 
I don't know that I'm too excited about 'BAgs' being on the gold train...

DAK


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