MEGA BUBBLE… The world economy is in free-fall and US citizens are carrying their highest debt burden in recorded history.
IF this is the correction/MELTDOWN to fair value in the markets, IT COULD NOT BE HITTING AT A WORSE TIME.
Remember- the markets have ONE job, to determine fair value.
When you have central banks deliberately rigging the debt market, there is NO REAL PRICE DISCOVERY MECHANISM.
This creates MEGA BUBBLES.
Lions I have explained that when markets sell off on a Friday, followed by a subsequent sell off on a Monday, this is a harbinger of more losses to come.
This DOES NOT mean that a short term bounce will not occur.. Markets do not rise, nor drop in a linear fashion… GM
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