Intraday Market Thoughts

Archived IMT (2009.03.05)

by Ashraf Laidi
Mar 5, 2009 20:42

Watch Ashraf explaining the relationship between stocks and gold at last week's TRADERS EXPO in NEW YORK: Readers of this website have persistently read my forecasts since December that global equities will drop below the November lows. Many of you have been inundated by "expert" opinion claiming that stocks were a "great buy" due to large cash holdings on the sideline and that a "great rally is coming up soon". My articles since January have persistently reminded that equities have more selling ahead as long as rebounds were limited to 20-25%. We've had 2 of such rebounds since Nov. Stay tuned for more insights from


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