Equity markets from Beijing to Berlin and Paris to New York are screaming a very powerful message for, again, the equity markets are not the problem but rather the scorecard or indicator board of a far deeper, systemic reality. I keep thinking of the story of Rome burning while Nero played his instrument as the tour buses course a farm state, commentary flows, a lush week for the Obama's in Martha's Vineyard or our taxpayer credit card meaning we will just owe China more; hey, no problem, man!
Fear is not consuming global investors and before you go to bed tonight take a quick look at the DJ Future and VIX in Asia to give you a pre-night glimpse into the abyss that lies ahead for tomorrow. Those of you that know me well know that a prophet of doom and gloom is certainly not my nature. However, the indicators are simply too strong to just ignore and believe this is just simply going away. Just as the market closed, our friends in the global banking industry are now say we need another MAJOR stimulus to which I wanted to scream.
If you do what you have always done you will be get what you have always gotten. By the way, the markets today are perfect example of that reality. The nation needs jobs ... corporations are flush with cash ... so where is the disconnect? Corporations, like investors and like me, have lost all faith in political stability and policy development. But there comes a point where everybody loses. Perhaps we are nearing that spearhead in the global economy?
By the way, this is great opportunity season also if you have good advice and research when stocks are as cheap as they are and will probably continue down in the near term. Oh well, thought I would just throw this one out to you before taking my grandson to a baseball game tonight!
By the way, God is in charge of all of this for therefore is all has a purpose!
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