Christopher Grey explains why history should not be ignored in this article. There are also some suggestions as to where to put your capital during this economic downturn.
Speaking of downturn, the CMI is holding steady and will need a day or two of profit taking from the traders who are pushing this market up. The sooner they sell the news, the better. If this doesn't happen, the CMI will take a rather large loss. It is currently down 10.3% during this last buy of the QID but of course we will have to see how this plays out. The slow moving CMI does not always sync up with a fast moving, artificially pumped up market such as this one.
Monday, February 9, 2009
Learning From the Past
