As I write 50 minutes before the close, the Dow is up 100 points and the Transports are up 92. The S&P and NASDAQ are both joining in on the gains. I continue to believe that amazing discoveries and inventions lay ahead for the US. The discoveries will have to do with energy and health. The stock market does not know what the new discoveries will be, but it senses change, good and healthful change. The crashing oil price has thrown Russia into a recession and a slumping housing market has left China on the edge of a slump.
This leaves the US as the only healthy economy of the big three. The result has been a universal rush into the US dollar, but those who believe that European and Asian weakness will rub off on the US are even worried about the dollar. They are moving into conservative positions in gold, just in ... Log in or subscribe to continue reading.