This week was largely spent watching the recovery fall apart. Not a dramatic collapse. No market crash yet, for example. But the important indicators are giving way.
On top of the bad news from housing and employment over the past few weeks, Richard Russell's famous PTI indicator finally dipped into negative territory – signaling a bear market. And the Baltic Dry Index – a measure of world trade – continued to fall.
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Gold Speculation During the Great Correction
Yesterday was a good day for stock market investors. Prices went up. The Dow rose 254 points, leaving us uncertain about its near-term intentions.
Of course, we're always uncertain. But sometimes we're more uncertain than others. What seems certain to us is that stocks are a bad bet.
You might find this interesting, dear reader:
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