Stocks ended their impressive winning streak yesterday, but that may be a blip on the amazing run we've seen ever since the government announced that unemployment had hit 10.2%. Actually, the streak begin in November, though that was the signal that cheap money would keep flowing forever.
Stocks declined mosestly in Asia -- nothing to get worked up about -- and yet here we go, with futures already in the green. Of course, markets don't open for several hours.
Gold, meanwhile, continues to trade well of its highs. Note the green line on the bottom left. (chart via Kitco)
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See Also:
- Martin Armstrong: Gold Headed To $5,000 And Beyond!
- Morgan Stanley: The Aussie Dollar Is Wildly Overvalued, And Household Debt Is Enormous
- Roubini Is Wrong About The Giant Dollar Carry Trade Going Bust
Full story at http://feedproxy.google.com/~r/businessinsider/~3/iQu5q9doGpo/bulls-resume-the-win-streak-while-gold-plunges-2009-11
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