What’s Next For Gold And The Stock Market May Surprise You
What’s Next For Gold And The Stock Market May Surprise You – King World News
With the Dow surging along with crude oil and gold and silver consolidating recent gains, what’s next for gold and the stock market may surprise you.
By Bill Fleckenstein President Of Fleckenstein Capital
March 28 (King World News) – The early going saw the market trade around unchanged, in a somewhat listless manner. However, around midmorning the indices quickly sprinted to a gain of about 0.5%, which is where they were with a couple of hours to go, when I had to leave…
Despite the bravado of buying the dip created by the disappointment of the Obamacare repeal vote that didn’t happen, I still feel like the market has run out of gas, even though it doesn’t seem to want break for real just yet.
They Could Make It a Franchise
I feel like I’ve seen this movie many times, where I’ve been waiting for something to happen, whether it is for something to bottom or top out or a certain piece of news, and then it occurs, but you don’t get the response you want right away, which can lead to a lot of frustration (not to mention potentially red ink).
However, when a trend has been in place for as long as this one has (i.e., for the last eight years, as well as the recent several-month rampage), sometimes it is a little harder to turn the supertanker around, and it turns out it is a bit of a process. All that is a long way of saying that I continue to believe that the market has exhausted itself on the upside. What we don’t know is at what rate it will decline (or for that matter, whether I will be wrong and it will make a new high).