2010-01-12

May I have your attention

I present this post from Tim Knight's Slope of Hope. There's no analysis here, perhaps just the dying hopes of the bears, but nonetheless, here's the opinion of a trader using the handle Salt, who called the bottom in March 2009 and went very, very long. He's now turned bearish:
The Triumphant Return of Salt
As sure as I was with that earlier call, I am now almost as sure that we are entering a whipsaw bear market that will last at least 18 months and end with the S&P under 500. This will include gold and related mining stocks. I will post here "near" the next bottom, this next bear market rally is where I think gold will really shine.

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