Discussion of Housing Bubble, US Dollar, Debt, Trade Deficit, Oil, Gold, Consumer Spending, Central Banks, Inflation, Outsourcing and the Bleak Future of the US economy
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Friday, July 11, 2008
Could this be the day?
On Monday this week, I stated the: DOW will fall below 11K this week. Thus far, it's been a rollercoaster ride and we've come close, but it hasn't yet happened -- but today could change things!
Consumer confidence, Mich Sentiment and import/export inflation all come out shortly and current DOW fututes look to be down 120 (Ouch!) -- merely 98 points from my threshold!
With that said, GOLD is looking swell -- see chart below.