We had a global rate cut this week. The DOW is at 8500 from 14,000. Credit markets are locking up. Lay-offs are being announced and I’m hearing more about “silent rifs” in big companies…more expense restrictions as well.
The market almost always leads the economy. We’ve been in a recession since January. All the BLS stats are govt lies. This crash has legs and they are growing longer every day.It’s a global melt-down. The panic we’re seeing from all govt’s is about keeping this thing from a free fall. Not stopping it. Going long now is a real gamble. And I’ve dealt with Brazil, be very careful of anything they say!!
