FSN wrap-up
posted on
Mar 11, 2008 04:43PM
(PRESS PROFILE TAB FOR FACT SHEET & UPDATES)
Good evening,
On tonight`s market wrap-up, Barbera again makes the case for dire circumstances ahead; when one looks at his analysis, one cannot help but worry: http://financialsense.com/Market/wra...
I do appreciate the comments made by ukdavec, player13, and seabiscuit, and I apologize if nervous nellies like myself and gold777 may "get on your nerves" a bit; that is quite understandable, especially if you have considerable experience in the markets, experience I do not have but am getting (I believe they call it a "baptism by fire").
Yet, when you look at Barbera`s analysis, consider the magnitude of the drop proposed in the next major down let, and then think about where the price of stocks, evening promising juniors would be.
On the other hand, decoupling may occur; in my opinion, what that would take is recognition that a) gold is headed up, b) the majors are running out of gold, and c) the exploration companies have it in the ground. The day that happens, Tyhee will go up.
As several analysts have pointed out, people need to catch on before exploration stocks will go way up, and I am just wondering when this is likely to happen. Perhaps 50% in and 50% out will be the best way to play this. With regard to fundamentals, I feel things are fairly clear. It`s market psychology and the meddling of the powers that be that worries me most.
Today, I visited the message board for SDS (double short the S & P); there were some frustrated people there, and understandably so. In truly free markets, their bet would have paid off long ago...
The Oreo cookie metaphor is great; I just hope the entire cookie does not end up being dropped.
Take care,
stone