Matt Blackman

America's On Sale - and the World's Buying

Correction - your assumptions hinge on the US and the rest of the world NOT going into recession....

America's On Sale - and the World's Buying

Your assumptions all hinge on the US and the rest of the world going into recession... You say that the average sell-off in a recession is 25%. OK, except that the NBER still has to confirm we are in recession and typically, stock market corrections continue after a recession has been confirmed.

Oh and one more thing.. priced in gold, the Dow Jones Industrial Average has fallen 73% since peaking in 1999...