Trust in Our Financial System. Yesterday, the Dow fell 187 points. Oil slipped to $70. The dollar rose to $1.37. And gold lost another $12 – to $928. The rally may run through the summer; it may not.

American markets at a standstill… can the Far East drive stocks forward? … Chris Mayer on buying “what China needs, but can’t make for itself” … Dan Denning’s pair trade for the next decade … Bill Bonner and Goldman Sach’s CEO on the current “bull market” … Plus, a CEO pay debate fills our inbox… your letters and our response, below…

We’re now in an extended bounce which could last until mid-summer. Stocks were up yesterday… the Dow rose 196 points.  What were investors thinking?

Hey… the rally is on!  Yesterday, the Dow rose 235 points. And the public’s mood is at an 8-month high.

Wall Street has been debating the huge run-up in the Dow Jones Industrial Average. Was March the beginning of a huge rally that will take the market to new highs? Have we witnessed the proverbial “dead-cat bounce?” The prognosticators have been unsure, uncertain and uncommittal about what they see coming next…

If you’re looking for a direct, non-wavering opinion, you’ve come to the right place… While some of my financial commentary counterparts like to sit on the fence and hedge their bets, I’m offering you this: Sell your stocks now.

We started digging into Jeremy Grantham’s May Quarterly Letter over the weekend. Grantham is a typical underground investor: although he’s well known among institutional investors, most retail investors have never heard of him. He is the chairman of Grantham Mayo Van Otterloo, which has roughly $85 billion under management.

“Gold Isn’t Going To $2,000 An Ounce” is both the headline and the announcement of Jeff Clark at CaseyResearch.com, a conclusion he apparently reached after he “decided to take a fresh look at calculations that could be used to appraise gold’s upside potential.”

Gold isn’t going to $2,000 an ounce. Before you gag on your coffee or suffer chest pains, allow me to explain.

Is the bull back? Not so fast, according to market history.