Dow's best week since 1932
This was the headline from Marketwatch. Bloomberg says since 1974. Alstry says whoever is right, it was fantastic since it was only a 3 and 1/2 day week. Now the question is where are we going.
Some say up....some say flat.....others say down.
Whatever the direction of the market...the fundemental economy is about to enter into a rapidly expanding adverse feedback loop. Politicians will panic and say no one could have predicted. Economists will be scratching their heads. Business leaders will act surprised as they quietly count the dollars they raised from exercising options over the past few years and selling the public their shares.
Here is a fun quote from the CEO of CBRE...a very large RE firm:
"Conditions have deteriorated on a scale and with a speed that no one could have predicted just a few months ago."
Do you sometimes ask yourself who is kidding who???? Some of us on CAPS have been warning you for months about EXACTLY how bad things were going to get.....and now they are about to get a lot worse.....at a lot faster rate.
We are going to be asked give up things and take steps to degrees that none of us have seen before. Just get ready to hear the pundits say they have no choice and were shocked to be in such a position.
It is not the end of the world....just the beginning of something completely new.