The S&P 500 and Dow Jones now have two successive closes below the
weekly moving averages signaling a MAJOR sell and the second leg down in
the long term stock bear market. The largest bubble of the future is in
Bonds not gold, gold has no debts or liabilities. Stocks, Bonds, Bills and
Dollars are nothing but debt and liability.
Keep in mind it was
the technical aspects that have kept this market in tact since the rebound
those technical short term trends are now violated, sell into any rallies
and wait for the next leg down. The only thing that has been propping the
markets up was our TARP money that the banks kept in stocks not willing to
lend to businesses or the people. Why? Because it meant tying it up long
term and they know the last show has yet to drop.
DISCLAIMER: All of the provided information is believed to be accurate, however errors are possible. The opinions in the Commentary section do not necessarily reflect the opinions of GoldIRAS.com. Past performance of any investment is no guarantee of future performance. All investments have risk.
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