>> I guess you're assuming the current market properly values the current economic condition <<
Well said. Have enjoyed reading your posts of late. Not sure I agree with the target this soon (long term, yes), but ANY new low on the Comp or even a full retest would be very disheartening for the bulls here.
Not short, but very long gold here. I think regardless of what the market does there are good reasons to own quite a bit of yellow here.
ajtj, the market always a serious disconnect with economic realities, GDP during the 1966/82 period grew more than in the 1982/2000 periods yet the market was stagnant in the former and erumpent in the latter.
Market Data 
Markets 
AI
