Here is an interesting blogspot I found today,expounding my worst fears.........a continuing liquidity-fuelled explosion of asset prices that surprises even the bulls,causes commodity price inflation and sets the stage for an even bigger bust-up than 2008............lets hope he's wrong (but buy some more gold anyway !)
http://www.goldscents.blogspot.com/
On the s&p chart we can monitor the long term mvg aves to determine whether a correction is just a correction in a bull market or whether a new bear phase is developing.In 2007 after the 2nd top the market broke below the ma's and made a high below them as they crossed.If this happens again we can anticipate a bear phase,but if we correct and hold above the ma's the bull trend is not over.
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