And sure enough the Dow was down .20 today.
I bought NUGT yesterday because I’ve been following the dollars decline and Dennis Gartman (whom I rarely follow) gave the green light for gold. I got a 19% pop today. I wished I’d bought more.
No matter what happens to the economy, even an international depression, do not expect the DOW to do much of anything, because it has been very obvious since Obama got into officer that the FED is actively manipulating the stock indexes.
It is actually relatively easy to do this, if you have several billion dollars that you can put into or remove from the market without anyone knowing.
This being said, even if things go catastrophic overseas, don’t expect more than a half-days worth of glitch on the US indexes.
There probably is something to this. Yawn...
Ultimately things like this remind me of something akin to the following.
- - -
So what we do, is we look at the previous day’s close.
If there’s a three in that number, it can be problematic.
What causes it to be of more significance is if there has been a leap year in the current or last three years.
If this takes place on a Monday or the four days that follow, we consider it a triple threat.
Then, if the Moon is visible at all that night, watch out...
Something is bound to happen.
Be prepared. Have at least three cans of Cambel’s chicken noodle soup on hand at all times.
Now we get the crazy ups and downs until the market can figure out where it wants to go.