A Nasty Trading Period is at Hand

The kind of action that we have been seeing recently in Gold and Sugar will probably roll into the other markets, both commodities and stocks.  Both buy and sell signals will have little follow through.   The 1070 to 1290 S&P range for the next 17 months that I last outlined on December 9th  still holds. 

Paul Krugman wrote an excellent article explaining the Euro zone economic issues over the weekend.  The title is “Can Europe be Saved?” It is a must read.

 http://www.nytimes.com/2011/01/16/magazine/16Europe-t.html

And another good one to reflect on from two years ago.  ” Don’t Cry for me America”

http://www.nytimes.com/2008/01/18/opinion/18krugman.html