ChartWorks - Stock Market

By: Bob Hoye | Thu, Oct 20, 2005
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Below is a commentary extracted from ChartWorks on 17th October 2005.

• Thursday's edition of Pivotal Events concluded that the stock market decline could take a pause.

• In looking at the damage, on Friday Ross noted that the relief rebound was at hand.

• Using the Dow as the proxy, a bounce to 10,450 - 10,550 is possible and it should be sold.

• So long as the gold/silver ratio stays in the recent range (60 to 63), the stock market could do the "stair-step" decline.

• Often severe liquidity concerns have been signaled by silver falling relative to gold. Should this occur soon, the stock market would take on a more urgent decline.

The following cartoon is a collaboration by Bob Hoye and David Brown. It represents a forecast on the economy and is a comment on the specious notion of a managed economy. Why Wall Street, the bastion of capitalism, is so reliant upon the socialism of policymaking remains a mystery.



Bob Hoye

Author: Bob Hoye

Bob Hoye
Institutional Advisors

Bob Hoye

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