It would certainly appear that there is currently money to be made in the conventional markets.
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I agree. This drop followed by such a rebound is, however, interesting.
Thanks Bob.
No crash till after the election………
Listen to the interview today with Rick.
Are you a Florida State fan?
If the comment is directed to me…..no………my son was an instructor at UNIV. OF FLORIDA……..remember he taught Latin
If you want to know anything concerning the bible translation from GREEK AND LATIN, let me know……………
thanks Al………I did listen to RICK…always a great listen to……..appreciate……….j.
ONLY 1 COMMENT ! https://www.youtube.com/watch?v=lNRHyJTZoPQ
CHILDREN DON’T LOOK DISS ! https://www.youtube.com/watch?v=Wmkri6jEqus&list=PL94D7C82A577F5831
What the Prechters and Dents don’t get is that the market has already dropped 80%+ since its real high in ’99/’00. The Dow fell from nearly 45 ounces of gold to under 6 ounces in 2011. The same thing happened during the last secular stock bear. The first hit 1000 in 1966 (I think) and didn’t stay above it until the early 1980s. However, during that time, the Dow plunged in real value (purchasing power) from about 28 ounces of gold to just 1.33 ounces. The huge decline was hidden by dollar debasement (“printing”).
At $1200 gold, the Dow would have to rise to 53,000 just to match its 1999/2000 high. Yet, everyone thinks it is at all-time highs! Wrong.
Right on.
Thanks Matthew as always, A
If I stick my finger down my throat will it really cause me to puke? OK..let me try.
Interesting point, Matthew. Thanks
So how come everyone is losing money on gold and miners then, Al.
Is it really that interesting a point or is something maybe missing from the typical bland one-sided analysis? How come all of Wall Street is not rushing out to buy gold according to Matthews brilliant idea if he is correct?
Shall we assume that all the brilliant, skilled, trained investors, trades, accountants and economists are too stupid to understand that gold is a great buy and stocks are for losers.
Oh wait…it’s just Matthew asserting this idea. I see…I get it.
Typo: 4th sentence should read “The DOW first hit 1000 in 1966…”
Nobody read your post anyway. No need for corrections.
Precisely, Chris. The Dow is a measurement of the economy in US Dollars; it measures more the drop of the dollar’s purchasing power than the growth of industry in real terms, since it measures the value of companies in dollars.
Further all markets are manipulated; demonstrating the decline of a society wherein no longer all members of that society have Judeo-Christian ethical standards or the equivalent thereof.
Hi Al
A drop of 1% (160 pts) on the Dow is NOT a ‘huge’ drop.
Bob