Three Sharp Years
http://www.kitco.com/ind/Barbera/feb282005.html
I invite you to read Frank Barbera's excellent hypothetical future. It is both informative and entertaining.
"Stocks of all types are sold off furiously and even with Gold prices moving up toward $1,500 an ounce, gold stocks are sold off with reckless abandon as the XAU collapses by 100 points; down nearly 36% in a single day. At just over 4,000, the Dow and other blue-chip stock indices are now down 70% from their 2005 highs"
I invite you to read Frank Barbera's excellent hypothetical future. It is both informative and entertaining.
"Stocks of all types are sold off furiously and even with Gold prices moving up toward $1,500 an ounce, gold stocks are sold off with reckless abandon as the XAU collapses by 100 points; down nearly 36% in a single day. At just over 4,000, the Dow and other blue-chip stock indices are now down 70% from their 2005 highs"
posted by Peter at 11:27 am
1 Comments:
"Despite these extraordinary pressures, the hope all along has been that the sustenance of growth would shift away from the artificial support of policy stimulus and asset appreciation back to the organic support of labor income generation."
Unfortunately this baton will not be passed over. Read Morgan Stanley's Steve Roach to find out why:
http://www.morganstanley.com/GEFdata/digests/20050307-mon.html#anchor0
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