The “horrible, horrible” remark was made sarcastically
Not entirely sarcastically – I do have a lot of money in euros, francs and australian dollars, and all these investments all tanking. AUD is down 3% since I got in, the rest is still in the green, but I’m looking at much smaller gains now.
Of course it could have been much worse, I could have invested in S&P, or even emerging markets. GBRCX is down 27% since I got out. It may be time to start looking for an entry point.
Long term, these developments in oil prices will allow the Fed to drop rates even further, and the economy is still weak enough that the Fed would do that if inflation allows them. So, I think it’s a fluctuation rather than a long-term trend.
