Appeared on CNBC today and that is enough to make a LOW in the equity-markets! I have 1073 for my S&P target.
LOL is that the famous "jump out the frying pan, into the fire" trading strategy? IF the stockmarket melts, you're gonna get your ass hung in a sling buying gold. Only thing you can do is to buy extremely defensive stock issues or a money market fund. Anyway it's all moot because the market won't go too much lower from here.
Check this out. I think we are still on target .. http://www.elitetrader.com/vb/showthread.php?s=&threadid=26645&highlight=crash
I really do not care, either a ripping bull or a crash would provide me with many opportunities. Yesterday I did not like. Stocks just did not trade well.