The markets are up .... 4 weeks running. From the March lows they're up about 20%-25%; ytd however they are still down. It is interesting markets are moving up while unemployment is hitting new highs. All in unemployment rate is a huge 15.6%! This is the Depression bear rally that we have been expecting. This could carry the markets up still on which on the Dow could be between 9,000-10,000. Gold on the other hand has pulled back to the $900 oz range. So this is the time to start raising cash or if you have the stomach for it selected buying with tight stops.
Weekly wrap up summary from Bloomberg reports -- U.S. stocks rose, capping the longest streak of weekly gains since 2007
No comments:
Post a Comment