Re: Day to Day Market Talk
Originally Posted by
JTH
SPX & SLV have surpassed it's previous weeks highs.
FAS, ERX, have not and their volume is declining.
FAZ has not tested it's lows and volume is declining.
GLD is acting like it never got out of bed this morning.
SPX and SLV are doing well because people think the stimulus is going to kick industrial metals into high gear.
FAS may have already run its course from the 'Geithner Goose.' FAZ will come back when people decide that today wasn't a magic fix. And they'll bring out the wooden stake and garlic necklace.
GLD won't have a good day when there is bull market euphoria. But when people start grasping the magnitude of the inflation around the corner you better be on that train or you'll be under it.
Just my two cents,
Lady
If you think education is expensive, try ignorance. - Derek Bok