jdlech

High Likelihood of a Market Crash

We've managed to spend nearly a trillion dollars outside the country. That is to say, we've managed to take nearly a trillion dollars out of the economy. We have a crumbling infrastructure with bridges and levees already failing. Oil at $130+ per barrel with no end in sight - cheap oil is history. We have ignored the very support structures of our economic strength. Of course there's going to be a reckoning; it's a matter of when, not if.
A crash of 300 pts may seem like a lot today, but we'll look back on it as a drop in the bucket soon enough.