M dub

Market Watch: Beware the Ides of February

Cam,
Nice article, nice call. I also think there will be a much bigger test of the low we printed recently. And people don't even know how desperate times will become, sadly. The american mind is very soft, and until they can get "toughened up" a bit they won't have the intentional fortitude to swallow some bitter tasting medicine. First the market psyche builds in a 1990 style recession, then 1982, then 70's style, and so on. But this is the perfect storm, and we're pressing further out to sea based on all past storms. We'll see how it works out.

At the minimum its going to be a deep world recession, but to some it will be worse. We, O keepers of giant debt balances, may be that someone.

See you in Feb.