It's becoming more and more difficult to save this bull and the least sign of a stagnant energy and commodities sector should spell trouble for the broader markets. One by one important proxy sectors continue to break down in spite of the DOW making new highs. Earnings are coming to an end and there's little reason to expect a resurgence of earnings as competition heats up in a declining consumer sect and margins gets squeezed. Soon the inventory build will start and that will spell trouble for the whole tech sector.
Gold should be the star for the next 3 months.
Broader markets can not rise without energy and commodities
Started by
2cents
, Jan 25 2007 02:45 PM
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#1
Posted 25 January 2007 - 02:45 PM
My opinion isn't worth the HTML it's written on