The only thing in the stock market that looks good to me are gold producer stocks. Check this chart out, an index of small gold producers over the past 2 years: [url]http://stockcharts.com/def/servlet/SC.web?c=$HUI,uu[h,a]wacayyay[pb20!b40][vc60][iUb21!Lya7,14,28]&pref=G[/url] Compare it to index charts for NASDAQ: [url]http://stockcharts.com/def/servlet/SC.web?c=compq,uu[h,a]wacayyay[pb20!b40][vc60][iUb21!Lya7,14,28]&pref=G[/url]
The S&P 500: [url]http://stockcharts.com/def/servlet/SC.web?c=spy,uu[h,a]wacayyay[pb20!b40][vc60][iUb21!Lya7,14,28]&pref=G[/url]
and the Dow: [url]http://stockcharts.com/def/servlet/SC.web?c=indu,uu[h,a]wacayyay[pb20!b40][vc60][iUb21!Lya7,14,28]&pref=G[/url].
It's amazing. And yet you don't hear a PEEP about gold on CNBC, except for denigrating and pooh-poohing it.
CNBC has no problem recommending stocks that have fallen 50% or more this year, always citing "This is the bottom, the economy's recovering and these stocks are cheap!". The market continues to fall each time they urge people to get back in. Meanwhile, they ignore gold stocks that are up 50% or more for the year. Something VERY FISHY about that.
So buy gold, and when CNBC finally starts hyping it (when all the big players have accumulated as much as possible and now need suckers to sell them to), you'll know the time to sell will be at hand.