This Is Stunning, I Haven’t Seen Anything Like This In 50 Years
May 28, 2013
On the heels of continued massive physical demand for gold and more volatility in global markets, today King World News interviewed one of the savviest individuals in the business, 43-year market veteran Jeffrey Saut, who is Chief Investment Strategist for $360 billion Raymond James. Saut told KWN he hasn’t seen anything like what we are currently witnessing in the 50 years of market history his notes cover.
Saut: “We are currently involved in the longest buying stampede chronicled in my notes, and my notes run a little over 50 years. I first discovered ‘buying stampedes’ and coined that phrase back in the 1970s. They typically run 17 to 25 sessions, with only 1 to 3 session pauses or pullbacks before they keep going.
This one has lasted 102 sessions as of today….