The Coming Week
Depending on which set of CNBC guru’s you want to follow, this week you want to buy gold or financial ETF’s. I am obviously skeptical of either as the compound effects of low interest rates pushing deflation makes neither trade of interest.
The current trading ranges mentioned last Thursday on Bonds and the Dollar remain. Using the same time parameters, for the S&P we would use a price range of 1970-2110. This morning we are seeing a little bit of Warren Buffet bluster that may provide a few moments of a rally out of the trading box.