This is a great chart (click on the chart to enlarge it).It shows a trend. And the trend is up. This is how bull markets look like. Forget about what you read about crises in Europe. Mortgage foreclosures. Double dips. Budget deficits.
The central banks of the world (including China -- Chinese Vice Premier Wang Qishan said the world’s second- largest economy has taken “action to help some EU members counter the sovereign-debt crisis.” Source: Bloomberg) want to rebuild our wallets to make us feel better. Enjoy. Until the trend is broken.
George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
Ranked second best gold timer by Timer Digest
To find out more about my in depth views of the markets and my strategy just visit our website https://www.peterdag.com/ where you can subscribe to The Peter Dag Portfolio. You can also call me at 1-800-833-2782 to discuss your specific investment portfolio.
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