Look. It’s bad. You know it.
Stop listening to the airheads on CNBC and NPR.
Either they don’t know what they’re talking about, or they do and they’re trying to stop everybody in the theater from running for the exit at the same time.
CONFIDENCE IS GONE
That’s all you need to know.
These markets are completely divorced from fundamentals. They levitate on confidence – and cheap Fed money.
Once the confidence goes, Fed money isn’t enough. Ponzi schemes like this come down.
These are dead cat bounces.
If you doubt that then PLEASE go and watch this video on the Crash of 1929
Crashes don’t happen overnight, and there are plenty of false rallies along the way.
Get your money out of the casino while you can. Put some into physical gold and silver. At current prices, it’s hard to go wrong.