This was all very predicatable. FED didnt officially give us QE3. The germans are starting to get sick of bailing out the PIGS. Markets will likely have a nasty sept until the central banks decide to "DO" sometime (read print money) and then there will be more irrational buying of *****. *yawn stretch* Im staying long gold and silver. Sadly Im also long oil but the metals are offsetting the oil paper loss at this point.
Yes Dudes...interesting times.I'm looking at a bottom between 50 and 61.8 Fib based on the rally since Mar2009.And yup,do NOT discount a 20% Down-day in this environment.Hopefully,the Colonel gives me the Long in there somewhere.( a Streetwise 2 ? )