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Wednesday, July 08, 2009 4:21:11 PM
We've had some drop in gold and oil, and the VIX & VXO have moved up considerably. Do you think the fall will continue, or is this a good time to buy...
I don't see too much positive at the moment. We continue to break through support levels, so I'm not ready to call the bottom of this move. I HOPE we will see some firming up soon, but it wouldn't surprise me if we drop another 10% on the S&P. And this is predicated on the expectation that we'll have another leg up in this bear market rally. In reality we may get nothing more than a weak test of recent highs before plunging lower.
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