By Dominic Frisby Apr 22, 2009
Dominic Frisby
Markets will be a sea of red for a while to come yet
After Monday's capitulation in the stock markets, which, if you read last week's missive, came right on cue, followed by yesterday's formidable rally, it's time to ask, 'Where next for the stock market?' I'll warn you right now – judging by past experience, the outlook is not pretty.
Meanwhile, precious metal investors should be aware that 'The Gordon Brown Gold Rally Indicator' has just flashed a buy signal – more on this below...
More similarities between the bust of 1929 and now
As you might know, I am fond of drawing parallels between 1929 and now. The cause of today's boom and bust – too much credit – was the same as the cause of the bust of 1929, so it is not unreasonable to expect the post-bubble contraction, the environment we are in now, to unfold in a similar manner. (more)
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