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FSN: Here We Go Again???
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
by Thomas J Smith CFA
Financial Sense
The markets have sold off from multi-year highs in some market averages and all-time highs in others. In the glory years a 5% pullback was met with greedy buyers looking to get into stocks they felt they had missed. After the debacle of 2008/2009 many look at ANY move lower in the averages as the beginning of another rout.
Let’s try to see how things shape up both technically and economically in an attempt to guesstimate where this market may go. The technical picture of the market has weakened over the past few weeks. Many of the hot areas of the market have seen pullbacks well in excess of the broad market averages. Bears use this as a sign of imminent doom. It only makes sense that some of the recent high flyers—banks, homebuilders and airlines—have pulled in more than the market.
Continue Reading at FinancialSense.com…
2013-04-08 16:46:52
Source: http://silveristhenew.com/2013/04/08/here-we-go-again/
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