Technician Alan Newman: I’m As Bearish As I’ve Ever Been
Also, Erik Townsend with this week’s Market Wrap-up, Commodities Report and Fixed Income Report
Jim welcomes back technician Alan Newman, editor of Stock Market Crosscurrents. Alan is currently as bearish as he’s ever been. He notes that there have been mutual fund outflows in 16 out of 17 months, as individual investors flee the stock market. Alan expects the price of gold to head higher. He sees gold heading to a 5:1 ratio with the Dow Jones index, at a minimum. Also in this segment, Erik Townsend steps in and covers this week’s Market Wrap-up, Commodities Report and the Fixed Income Report.