Going into next week could be dicy... The markets seemed very unsettled and "nervous" today.
Gold was up...but gold stocks mostly down. Oil is still high. The volitility is unbelieveable. Bonds are down across the board... And currencies are marching to a different drummer every week. Finally, the FED is trying to talk out of both sides of it's mouth like a UN weapons inspector!
I wish I could say that things are settling down...but they are not. Even the departure of Bill Gates is cause for uncertainty... What comes next? There seems to be a shifting of the old guard out of the markets and their "untried" replacements are coming in at the worst possible time.
Add the war and the deficits, the new Hurricane season,...and the new Chinese self confidence...and you can see the makings of a real paradigm shift.
The selling frenzy was replaced by a buying frenzy later in the week...but none of it seemed real.
Our summer of uncertainty is just getting started... Stay tuned.
