Quote:
Originally Posted by 1973
Yes. I talked about an immediate rise after the signal and then a drawn down (1-8%) before the index takes off. I didn't write that the drawn down is between 1-8%. This happened in 1979 and 2005, both time, before the gold stocks took off. If the market don't crash further, this should be about it. However, the market is in a panic mode and thing can be overshoot, more than over done. If it becomes too bad, FED can always announce QE3.
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But when FED announces a QE3, it may trigger further sell down. Too much intoxication is bad for health. QE doesn't work anymore. In actual fact, it has never worked. Benanke is destroying lives with his bad experiments.