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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