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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.
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.