Source – charleshughsmith.blogspot.ca
– “…The key take-away is that the financial gambits–QE, zero interest rates, etc.–did not actually address the economy’s structural problems. All the Federal Reserve and fiscal stimulus policies accomplished was to prop up the corrupt, stagnant engine of debt-serfdom, rising inequality and financial fragility”:
(Please Assume Crash Positions – By Charles Hugh Smith)
That few believe Mr. Market can possibly stumble only increases the odds of a stumble.
You know how to get into crash positions, correct? Here’s your guide:
Very few punters expect a real downturn here in stocks. The reasons for confidence are many: the Fed has our back, buy the dip has worked great and will continue to work great, the Fed won’t raise rates until December (if ever), the Powers That Be will keep the market aloft lest a plunging market upset the election of the status quo candidate, and so on.
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