re: go go go gold.....!! make me proud...! Let me add that we're...

  1. 1,816 Posts.
    re: go go go gold.....!! make me proud...! Let me add that we're in a BEAR MARKET atm.

    All the commentators are saying we must be close to the bottom because of the extreme pessimism among market participants, but they neglect to notice that their very predictions of us being close to the bottom must mean we are not --- after all, these are the individuals that control the big money.

    The big money must exit the market on mass on the back of great fear for there bear market to end. Additionally, the market must represent sensational value.

    Sensational value in my books are div yields in excess of 8%ff, and PE's < 10.

    We're not even close to sensational value yet...!!

    Tighten your seat belts...we've got alot more to fall, imho.
 
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