As at the time of writing, the Dow is 11,820.24 and gold $875.90/oz. The Dow/gold ratio is therefore below 13.51 and has (perhaps fleetingly) fulfilled Robert McHugh's prediction.
Whether the Dow falls below 9,000 nominal in the course of a severe recession is something we shall have to see.
Does this mean we should get the party poppers out?
ReplyDelete... or the party poopers?
ReplyDeletecongrats from norway for you perseverance!
ReplyDeletePooper Scooper is my choice.
ReplyDelete