This ratio is another one to sell. Also, levels such as this have led to a general downtrend in the market before. Most notably, the ;ast time was in the early summer of 2008.
Selling stocks has been stupid, stupid, stupid for a while now in this relentless, low volume, crappy stock led rally. (Yes I'm bitter.) But maybe it is a good time to sell stocks vs gold.
What will this do to copper which is trading at $2 over cost of production with exchange stocks going up and off exchange stocks massive? Can you spell UGLY?