Wait for a Correction (12/3/07)
The market has bottomed on the day before Thanksgiving.
The fed has decided to lower the discount rate again to keep the economy going.
The dollar has tanked to help keep the exports going.
Bush has signed an appropriations bill to expand the budget for the military which will stimulate the economy.
All the above are bullish for the future. The Market predicts the future and people invest in what they bellieve will be good. They sell on history when news breaks about somethiing negative. The sub-prime mess with the housing market has all been historical, people have been selling and now the economy is hurting. This means the bottom is in and you should wait for another correction to start jumping in to the market. Use the low of November as a stopping point in case my crystal ball is wrong.
The metals will make a correction too due to the change of heart on the market. This change could be a 50% correction then the forces of inflation will push the metals right back up. In fact GG has almmost had a 50% correction. Buy more GG on another beginniing of a rally in the metals.
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