It's time to stop and re-evaluate. Whether or not you do, the markets will. And now they have. The next thing that's wrong is gold. Well, not gold itself, but rather what gold is telling us about the Federal Reserve's monetary policy.
Gold is the most sensitive and forward-looking indicator of monetary liquidity.
When there's too much liquidity, the result is inflation, and gold signals this by going up. When there's too little, the result is deflation, and gold warns us by going down. Gold's drop to 22-year lows this year indicated the climax of the Fed's deflationary policy of high interest rates. Gold bottomed on April 2, two days before the Nasdaq Composite bottomed on April 4, indicating that the Fed's monetary deflation was coming to an end, and that the economy could begin to grow again. When gold completed a breakout from a long-term downtrend a month later on May 16, it was confirmed.