U.S. Stock Market – While those who have bet on a fall off the cliff continue to be disappointed, the “Don’t Worry, Be Happy” crowd can’t get no real satisfaction on the employment side. As hard as it seems to be for most, I continue to suggest a neutral position. I would consider some bearish spread plays if the DJIA somehow got up to 11,000 or so.
Gold – When you think gold and Grandich, this is what should come to mind – “We’re in the mother of all gold bull markets.” And to all the crap about gold bubbles, tops, etc, I recommend this to the “Tokyo Roses” of the world.
U.S. Dollar – There’s a likely period of consolidation and even a little countertrend rally near as sentiment is extremely bearish and market deeply oversold. But while the 80+ area on the U.S. Dollar Index can hold for awhile, to me it’s only a question of when, not if, it breaks below.
U.S. Bonds – Very Bearish
Oil and Natural Gas – Leave completely alone either way.
Check out Peter’s new postings:
Things – HERE
Gold Permabears Never Learn – HERE