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.
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