BROAD MARKETS BEARISH

Given the markets response to Bush and to Bernacke I look for gold to rally and the broad markets to tank.

Will VIX spikes call the interim bottom?


Today's Commitments of Traders report suggests the woes for equity markets aren't over yet. My COTs U.S. Composite Equity Index is giving its fifth straight bearish signal, after flipping to the bearish column with the Dec. 18 COTs report. The index has increased ever so slightly to -1 from last week's horrible -1.23. But that's little consolation. A -1 reading or worse means all four equity trading setups that make up this index just gave a bearish signal, on average, for execution on next week's open of trading. Alex Roslin SEE HIS LINK COT