Bear Mountain Bull

It’s time again for a little BMB R&R, especially with the market behaving as bizarrely as it’s been. Maybe if we stop watching it start to behave a little better…

Posting will be very light and variable over the course of this week, but we’ll put up an open thread each market day for our readers to comment on the day’s market activity or to post any interesting links they might run across.

Check the space below for whatever the latest might be during this ‘off’ time, and please visit the various sites in the ‘Links’ and ‘Regular Stops’ for up-to-date market news and analysis.

BMB will be back in full swing by next weekend.

Bill Fleckenstein says we’re in for a period of stagflation (slow growth and inflation), and that will be good for gold and other precious metals.

Note, however, that gold and gold stocks are not necessarily one and the same, and don’t always move together. Recently, gold - the metal - has been holding up much better than the gold stocks have been.

Jim Jubak picks up on the oil supply situation in Saudi Arabia. Those of you waiting for lower oil prices might be waiting a long time. Like forever.

Items of note on the latest industry moves:

• Health care stocks still heading up the ‘best’ list, with REITs making a comeback as interest rates have plummeted.
• Commodity related stocks, energy and some tech stocks are still the ones that everyone loves to hate. And they’ve been hating them a lot lately.
• Finally seeing all green in the ‘best’ list. It’s been a while.