Nov

22

Gold has gone up 23% on the year and 11% since the Fed got a new chairman. By making the actions of the Fed transparent, and hence the cost of money completely predictable, assets are being driven to their maximum valuations because there is no uncertainty to be discounted. This I believe has raised the market’s crash potential should a change in expectations occur. And while I have long believed the Nasdaq could potentially make it back to the lows of its crash at 3042, I also think gains from this point in time will prove to be fleeting a few years hence as yields have a tendency to chase speculative activity.


Comments

WordPress database error: [Table './dailyspeculations_com_@002d_dailywordpress/wp_comments' is marked as crashed and last (automatic?) repair failed]
SELECT * FROM wp_comments WHERE comment_post_ID = '270' AND comment_approved = '1' ORDER BY comment_date

Name

Email

Website

Speak your mind

Archives

Resources & Links

Search