Stock Market
All comments and Stock Market Analysis are made by Guy Brumley. Guy has been trading the Stock Market daily since 1992.
Trading, evaluating stock prices and predictions
Stock Market Commentary 10-13-2009
The market had a quiet session today with the lower holiday volume. The Dow closed higher by 21 points. We wait and see.
Gold added another 8 points, and the GLD JY call gained $.30 (27%).
Rumors ran wild on GOLD, the dollar, and Asian bank interventions.
Gold targets range from $1250 to $5800.
The worst case on the dollar sums up like this. The dollar sinks to zero, while the stock market goes to the moon. You make a million, and are paid with monopoly money.
And the Asian banks are worried our dollar is reaching so low, it will make their exports TOO expensive.
The market in front of us says go in with both fists, and hope you can get out with a profit. Maybe play some SPY calls.
Continue to play small amounts and pay attention to the earnings and conference calls.
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