The Dow managed to recapture the 50 DMA today; however, it failed to hold the January 3rd opening, which would have put the Indoos back into positive territory - albeit marginal - for the year.
Wednesday, November 23, 2011
Turn off the Noise
There seems to be plenty to worry about, doesn't there?
Gold has postponed its meteoric rise, silver is close to breaking down, the stocks within these two commodities are getting hammered, and then there's the stock market in general.
After an October like the one we had, could we really expect that there wouldn't be a pullback?
That is unrealistic thinking.
Pullbacks are often severe, and the spin doctors will do whatever they can to separate you from what is rightfully yours.
.
Saturday, November 19, 2011
Double Standards
How does a 4.17 % drop in November highs in one thing equate to a screaming buy while a 4.68 % drop in another equate to a screaming sell?
Simple: The former is gold, the latter is the S&P 500.
And gold should never fall in price nor have profit takers according to goldbugs .... and the stock market should ... well ........... the stock market should simply NEVER go up, according to these same people.
The stock market is there to short, that's it and that's all. That's what we're told to believe by those holding gold.
We're not hearing much in the way of shorting gold stocks, which are down 9.8% from their November highs, by the way.
Perhaps there's a lesson to be learned here ....
It's best left up to you in deciding what that lesson is.
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