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Message: Frank Barbera calling a top again

Frank Barbera calling a top again

posted on Jun 04, 2009 06:16AM

I don't know if anyone caught the FSO Tuesday market wrapup, but FB is calling for a second drop in the markets after the recent rally. He sees a strong possibility that this one could be worse than the first. Unfortunately, he is also saying that commodities (especially oil & gold) are still very much coupled with the stock market and will likely drop too.

After reading this I debated taking some HUI profits off the table, but if I remember correctly FB also predicted a pull-back in the HUI when it was 30% lower and I'm glad I didn't take his advice then. So I'll stick to my guns - in it for the long term. I still haven't seen anyone time the market consistently & correctly short-term.

http://financialsense.com/Market/bar...

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