The Dow rose 20 points yesterday…after a fabulous increase the day before.
Gold went up $38.
We’ve already given you our forecast. We think gold AND stocks are going down. But what do we know?
The role of markets is to make fools out of market analysts. So, the shrewd forecaster has to be careful. He shouldn’t be too precise in his predictions. He can say what direction prices are going. Or he can say when. But not both.
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Declining Positive Sentiment on the Future of the US Economy
Since we’re in the mood, let’s begin today with a question: Do you think your kids or grandkids will be worse off than you?
We’ll give you a moment to think about it.
[One moment]
Fifty-seven percent of Americans responding to a similar question posed by The Hill predict today’s young people won’t live better lives than their parents.
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