The Wall Street mule got smacked with 350 Dow points of two-by-four yesterday, but you would never know it from the bubblevision commentariat. Turns out these sell-side strategists had been "expecting" a modest correction all along, and that yesterday's plunge was actually a blessing because it was setting up the next opportunity to "buys the dips".
The Wall Street Mule Gets Smacked By A Washington Two-By-Four, Part 2
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David Stockman’s Contra Corner isn’t your typical financial tipsheet. Instead it’s an ongoing dialogue about what’s really happening in the markets… the economy… and governments… so you can understand the world around you and make better decisions for yourself.
David believes the world -- certainly the United States -- is at a great inflection point in human history. The massive credit inflation of the last three decades has reached its apogee and is now going to splatter spectacularly.
This will have lasting ramifications on how governments tax and regulate you… the type of work you and your family members will have available and what you get paid… the value of your nest egg… and all other areas comprising your quality of life.