It appears as though the up move in the stock markets is over. We could still maybe go to 9000 or at best 9200, but I seriously doubt it. Gold is holding in the 325 - 335 area poised for a run up. Long bonds - Treasuries, are holding at about 4% 10 yr. and […]
Archive for March, 2003
The markets have risen into the start of the US-Iraqi war. No what? There are two perspectives:
1.) A short war - 3 days to two weeks and it’s over. Saddam Hussein is captured or killed. Initially the markets would soar, then when reality struck, the markets would head lower.
2.) Not a short war, no capture […]
Technically the Dow gave a short-term sell signal Tuesday at the close (March 4, 2003). If the DJIA does not start rising soon, then 7197 is the next stop, breaking 7197 we’re heading for lows in the 6600 range, then 6000 (or less).
Economic stagnation continues. The dollar keeps falling. This is the reason that we […]