RE: not rightI agree, it's definitely a market issue. MAI just doubled their SJ gold and silver resource, and they're up 6 cents.
While the market waits for the other shoe to drop, it's turning out the credit fiasco is a centipede. There are a lot of other shoes still to drop. Today's Dow rally is nothing more than an oversold bounce. For the nimble trader, it's a tradable rally, but don't overstay the party--Wall Street will unquestionably sell into any strength that materializes in this market.
The latest Case-Shiller report shows home prices falling in every region of the U.S., with a record drop of 4.5% on average. The investment bankers have made some terrible blunders, but they're not idiots. They know the U.S. is sinking into recession, and it looks to be long and deep.
One thing that isn't well known is that at the top of the tech bubble in 1999-2000, the big trading houses were net short the markets, especially the Naz. Judging by the big growth in short interest in the NYSE lists, they're back in position to take the retail money while the indices drop, and drop, and drop.
The retails never learn, and the commercials never forget.
In the mean time, EXM is a solid accumulate for the day when the masses realize paper promises can be shredded.