Whats next?
The Dow Jones closed at 7365 for the week.
Down a staggering 6.2%, well off what many had called the market bottom of 8000, the market could be heading for further plummets in the weeks or months to fallow. The fact that the 8000 mark was dissolved and persisted to decline shows that its still far from over. A new bottom will need to be established and proven for some time before things can improve.
Many are running to gold as a safe principal, driving prices over $1000 an ounce.
At this price gold can be a potluck investment to get into. If you were smart and bought back in late 08 you should be looking to sell some but not all of your holdings. Taking gains at this time would be sensible.
If gold has gone to high, what is safe to invest in today?
For more information on this subject and more visit my website. StockOx.com
