In order to ensure that you receive an email the moment I post a new blog update, make sure and “verify” your email address via the Aweber email verification process. Everyone that has signed up previously should have gotten this request today. If not, you should simply sign up again.
Bear Market Rally
The stock markets around the globe have been absolutely battered. While the US is down over 43%, most foreign markets are off over 50-80% from their highs….just brutal…and amazingly fast. We’re looking at something like $10 trillion in global market losses in just the last couple of months. As I’ve been saying…this is once in a lifetime stuff…and it’s not nearly over yet.
Short Term Rally Coming
Just a follow-up to this mornings update. Beginning tomorrow we will begin to see coordinated rate cuts globally, and the US FED will aggressively drop lending rates to approximately 1%….or an all-time low.
For those that are traders, you can go long the market. Again, this is not for everyone, but I do expect the markets to rally sharply in the short term.