Let's make this short

The stock market is a probability game and not a certainty. That being said, there is a high probability that stocks, and now also gold, silver, other commodities, have started the next leg down. This knowledge is a product of fairly diligent research, stats,Elliott, and conceptual interpretation of how markets really function.

The last post was saying this exactly, not including gold and silver, just in a less direct way. It seems a more direct approach is necessary.

The next leg down could devastate 401ks, wealth, and natural order of things. If we are in the next leg down, as the Rose believes is most probable, this is not something to be excited about. Many people have no idea how the market works at all yet their life savings are tied up in this game. Your 401ks are not necessarily safe... are not likely to reach this level in a long time if ever at all. Even those not involved in the market at all can be influenced by the social mood of a true stock collapse.

Don't take the word here as if it were the Word... do your own research... starting with Prechter's last Elliott Wave Theorist if you haven't already read this. It's very inexpensive and the information is pure gold. The last issue is of particular importance. Bob Prechter has oft been mentioned on this sight because he is one of the very few people out there who has both the ability and desire to provide a clear picture of what is going on. No more will be said except that again the Rose has no affiliation with EWI other than a paid subscription. This is true respect for the big picture overview that they have provided... in the way that things should always be conducted... with no strings attached.

Keep searching further until you find what makes sense to you and always realize that probabilities are just that... in this case probable cause for due diligence.

"The Yellow Rose Street Beat" is for informational purposes only. It does not give investment advice.