America Honors Its War Veterans America paid tribute to its war veterans over the weekend with ceremonies, concerts and solemn gatherings across the nation. Washington D.C. was the scene of a particularly stirring tribute, the twentieth annual PBS National Memorial Day Concert held outside the Capitol rotunda. Many in the audience were moved to tears by the incredible story of one veteran, Jose Pequeño, a New Hampshire National Guardsman and former Marine » Read the Rest of the Article | Comments *** Street Celebrates More Bad News The stock market further distanced itself from reality yesterday as the Dow Average tacked on another 200 points to its nearly 2,000-point gain since early March. It’s hard to say what caused this latest outburst of irrational exuberance. It may have been the news that North Korea had thumbed its nose at the world by testing A-bombs underground. That story dominated the headlines over the holiday weekend and was said to have been the cause of global “concerns.” Lately, though, such concerns have been the bread and butter of Wall Street pros who go bargain-hunting every time stocks sell off. For them, it’s not a case of » Read the Rest of the Article | Comments *** Has the dollar put in an important low? It looks like it, since the NYBOT Dollar Index widened the gap on Wednesday between it and a key Hidden Pivot support at 80.04 that we drum-rolled here earlier. We had been using that number as a downside target since late April, when DXY was trading just above 84; it was first touched last Friday, then exceeded by a scant 0.23 points before bouncing back. Now, if the dollar is indeed embarking on a major rally in line with our forecast, stocks are likely to fall, and gold
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