This is exactly why I try not to read to much, there's always someone of some "gravitas" predicting something and may be right, like a broken watch is right 2x a day.
If followed the opinion of every respected commentator, this sight would truly look vert neurotic. I follow what the charts, the actual underlying action of real transactions are telling me, but in any case, here's UBS's Art Cashin talking about his call from last week we were headed for a Black Monday, 1987 like Crash either, Thursday, Friday or today.
Story Here
You know my opinion from last night, but my opinion is subject to change as the market is not static and it would be irresponsible not to bring you the latest in what smart money is doing.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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