Briefly.
The Dow put in a doji pattern, which in Japanese candlestick analysis, implies indecision. So, the market doesn't know which way it wants to go. If it goes lower, that could be bad news for bulls. Higher, could mean trouble for bears.
Oil hit a hundred a barrel. Gold was up slightly.
My prediction of a significant market decline hasn't been snuffed yet, nor proven yet. Still waiting. The employment numbers were actually fairly decent, relatively speaking. I didn't think a recession was in the wings. Inflation? Officially no, but unofficially, the inflation rate is probably a lot higher than what is being reported. At some point, the smoke and mirrors won't be able to hide the truth, especially if inflation picks up. That would be good for gold, bad for interest rates ( bonds ).
Al Fin: "Cowboy Commentary", aka "Eat your veggies" The Flag banner is posted in order to defy those who would make patriotic symbols illegal or disreputable.
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