Markets are set to open slightly higher as hopes that this week will be less volatile than last week. There is something calmness and those investors that have staked their retirements and lifestyles on the markets want stability. Unfortunately for them the market could very well have a certain level of volatility for some time. As economic news becomes more and more grim (retail sales jumping aside) there will be more plunges ahead for Wall Street and of course there will be more radical swings up right after. Investors are trying to guess the bottom, because good investors know that picking the bottom correctly can make someone very rich. Expect some degree of volatility until the recession picture becomes much more clear. When it does the Dow will drop well below 10,000.
Gold Wavering
There has been much talk about Gold beginning to descend. Forget about what the pundits say. Gold will spend this time of uncertainty hovering at existing numbers until the markets begin to reflect the economic reality. When that happens gold will resume its rise.
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