Whither the Economy?

I have been pondering the gold and stock markets this week, and I am concluding that there will be another leg to the downtrend, then a nice robust rally in the stock market for about a year. The rally may be as much as 50%.  That will absorb some of the liquidity that the Fed has created.  I am waiting for another fall before getting in.  The same is true of gold, but the fall might be sharper.  I have been totally out of precious metals since early April.  I am about 35% in the stock market. If it falls another 5-10% I'm in.