Just some thoughts to consider here... Friday's employment numbers will be the last data point for the FED to base its decision on for sept 17th. I think whatever it reports, it sets up a possible after labor day rally, short lived as it might be though. I say might, because it may not happen at all, and the worst of all market days down have happened after a 3 day weekend. Elul29 is sept 13th, and the 14th is the first trading day after it. Very possible the fomc decision is not a big deal compared to what the market wants to do, or if we have a black swan in process by the meeting. This was no V dip, this was and is something completely different with a much longer time line, yet to be seen. Fear has driven many individual investors to the sidelines. Oil bouncing is a major indicator, something has changed and is about to change more so, and I have no idea what it is. Could be some world event no one is thinking about or broadcasting. I like GLD here, in advance of a breakout to a flight to safety factor, and metals themselves purking up now, which has not kicked in yet in this market downtrend.
