The title of this blog post was the pre-edited title for today's column. Considering I think that stocks will not turn to gold it is a much better capture of my thinking. Perhaps it was just not snappy enough as a headline for an online news magazine where I have to compete for eyeballs.
Here's the "abstract" telling the reader what the story is about:
"Some think that the Nasdaq has rung the bell making it safe to buy stocks again."
Clearly, I do not and I do not believe that the golden cross on the Nasdaq or the tech sector or the yen for that matter mean anything for the market as a whole.
I've taken a lot of heat lately for not accepting the bull side. Somehow that makes me feel better in that I do not agree with the masses. I learned from a trader friend a long time ago that if make a trade and then want to throw up on your keyboard you probably made a good trade.