More of Peggy Lee? While SLV and GLD roll on…

Posted on Mar 07, 2011 by WHC Bassetti in Letters

This little downwave looks a lot like the downwave we saw in November.  That one lasted 16 days and  took back 4% +.  This one has lasted 10 days so far and (on the Dow) is down 2.82%.  The pattern is of course the same in all the indices.  The punditry is flapping its wings (like Chicken Little) and saying, Do we have a bubble.  No.  What we have is a need for the punditry and the media to get attention and create eyeballs.

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