Market Expectations……..with update
Here is the best thing that I have read this morning.
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.