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Showing posts from August 23, 2015

The Reckoning Has Arrived- The Sunday Collage

Like many of you, I have been waiting for this time. The time when accounts finally get settled. I cannot believe it has taken this long. Late last week, the DJIA tanked over 800 points. An even bigger scale loss (%) occurred on the Nasdaq. You know it's serious when CNN headlines tout a "correction." They use the term "correction" to hedge their bets and to do their part in keeping the millions of lemmings locked long into the equity markets. I heard another calm, soothing voice on the radio say the "correction" would be healthy for the resumption of the"bull" market. Where do they find these people? These are the kinds of statements that occur when people get really nervous. They don't want you to panic because they know if you beat them out the door, they will be left holding it. He who panics first- panics best. I'm not sure that people understand that the world, with all of it's various markets and currencies, is a gian