Don:
"Are you getting into any stocks with this "rally"?
You're joking, right? I've said many times, you won't see me buying another stock until there is blood in the streets - and I haven't even seen a bruise on TV yet.
"How long do you think this rally will last?"
I don't know, but if you look at R59's reply you will see this is the third "bull market" during this collapse. At present, all three were/are between 23-27%. Could this rally go farther? Of course. But, I would say 23% is plenty good enough if a person were playing the bounce... or looking for a way out.
Obviously, if a person believes the lows were set, then jump in with both feet and margin your ass off. Good luck! However, I still believe we will go much, much lower (factoring in inflation). This joke of an "economy" WILL collapse at some point - and I don't think it will take four years for it to happen.
"One last thing, do you see gold going down to 700 during the rally?"
I have no idea about the price of gold and don't really care. "Investing" in gold has been about the stupidest thing a person could ever do over the decades. Gold should be used exclusively for insurance IMO. The price in dollar terms is not really relevant. The price in survival terms is.
1/10 ounce gold coins, pre-1965 silver coins (bags), tell no one.
Len
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