Professionally, I am an associate professor. I blog about current events, politics, higher education, the economy and whatever else interests me. I believe in free markets. I live in West Shokan, New York, near Woodstock, NY. All material on this blog © copyright 2003-2012 Mitchell Langbert.
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Wednesday, August 21, 2013
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.
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