Stocks And Precious Metals Charts - Bonfire Of The Banalities - Cloudy With A Change Of Carnage
To say that the equity market action today was not constructive would be an understatement.
At best we can say that the major indices are going back down to test the prior low, the second low in our CrashTrak model.
Worst case, they are teetering on the abyss.
What was stunning about today for me was the sharp upward movement in gold, silver and The Dollar, all in one of the first coordinated flights to safety we have seen among those three in a very long time.
Needless to say, I am on the highest ground I can find for the weekend.
More inflation and economic data next week.
Stock index option expiration on Friday.
Have a pleasant weekend.
Disclaimer: These are personal observations about the economy and the markets. In providing information, I hope this allows you to make your own decisions in an informed manner, even if it is from ...
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