Market Expectations……..with update
Here is the best thing that I have read this morning.
http://blogs.reuters.com/great-debate/2011/08/17/breaking-the-government-stock-market-feedback-loop/
From a longterm trend signal standpoint three signals are getting very mature: long gold, long t-bonds, and short dollar.
Update: The extreme downward pressure on stock prices has pushed the S&P back down to the 1135 level. What should develop now is a much slower movement towards the year’s median level of 1235. Does this mean I am bullish? In a word, no, but the trading range mentality continues to develop.
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