Truth be told, that was always more of a wish than a serious forecast, happy talk from the Fed and Wall Street desperate to get things back to normal.
It ain’t gonna happen. Not this summer. Not this fall. Not even next winter.
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That has been my sentiment through the entire first half of this year. These bear market rallies are becoming comical. I have to admit I enjoy watching CNBC on these big downward movements just to see the expression of the permabull pollyannas..(you mean there really isn’t a Santa Clause…Oh NO!). We have just witnessed one of the largest financial bubbles in the history of the markets…..POP! What do you think the correction is going to look like??
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That is one reason the Vix is so low. People have been burned shorting this market and are thinking its just another sell off that will be followed by a rally that will last.
Rather then “slow motion recession” it would be more accurate to term it a “slow motion train wreck”
