As I write the DOW is down slightly and gold has pulled back slightly. Definitely no bounce off any long term trend line so far. We have to consider the possibility that unless the FED pulls another rabbit out of its hat (e.g. QE4) the long term uptrend since the GFC may be coming to an end. This could mean a correction is on the cards, but in a low inflationary environment one would still expect safer high dividend paying stocks to remain attractive - particularly healthcare, utilities and staples - which appear to have not suffered from the pull back so much.
This QE-SP500 chart comes from an article written 1 year ago, but it is just as relevant today.
QE and Gold...
http://www.advisorperspectives.com/dshort/guest/Adam-Feik-140709-Last-Time-This-Happened.php
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