Monday, March 7, 2011

Strange and stranger

Today, both oil and gold stocks came out of the gate with gains and fresh new highs. But stocks scooted up to a 74 point gain on the Dow.  Hmmm. Oil did back off its peak

But then stocks crater to a triple digit loss and gold and oil don;t do much. Stranger.

But gold and oil are still up with nice gains yet oil and gas stocks are much lower. Stranger.

I have no answer for you here. This market - all markets - are in flux and given all that has happened in the past two weeks flux to me means topping.

1 comment:

bmbull said...

It does 'feel' that way (toppy), doesn't it? Gold, silver, oil pretty much the only games left in town -- and that doesn't seem real healthy.