Monday, January 25, 2010
Is this the top?
Dow Jones is almost back to where it was in October, on a week of trading. Did the recent correction in gold correspond with a blow off top in stocks? We've also seen the US Dollar Index spike upwards. Is this traders converting assets into dollars to cover long positions on shares? Also, the second peak in the DJIA during the "Great" Depression tracks about 10,500 on the Dow before it went on the 90% death plunge. Are we there now?