It's Illogical!
November 12th 2008 21:01
Mover Mike has two articles that may be of interest to readers of The Market Bugle.;
1. Best Buy Feels The Pinch
2. The price of trading expertise = 67 cents…really?
The DJIA is currently down close to 400 points and that means that the last closing low 8175.77 is in jeopardy. Assuming the DJTA breaks its lowest closing low, this market is due for a climax of selling.
We've had a slow motion crash from the peaks of 14,000, and frankly I'm surprised that we haven't seen a 1,000 point or more drop, especially after those two back to back over 400 point drops. Instead, the government has spent over $2 Trillion and gold and oil and silver have been trashed and illogicallty, the USD has caught fire.
This a natural time and IMO will soon end with gold flying and the USD sinking as if tied to a stone.
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