RE:RE:RE:SP...any reason for decline??siegfried13 wrote: The dark shadow of the Debt Grim Reeper has arrived after experts said for years that this day would come. World Debt is getting it's "margin call".
The spot light turns to the Resource sector. Fasten seat belts, our turn.
Siegfried, I agree with the sentiments of your post. The devil will be in the details...which i won't pretend to predict.
I do expect central banks will reliably ease as always in response to a broad based market downturn (which we MIGHT be just beginning).
The terminology used to describe this deliberately downplays the real underlying dangers you summarized aptly as 'World Debt is getting its margin call".
The term 'ease' is itself a soft sell. Central banks will be said to 'hose down' the burning markets with cash...and so on. All of which we have seen and heard before.
So count on it. A new round of 'Quantitative Easing' is on the way. Lots of money. Broadly, the markets are as high as they are because 20% of ALL the US dollars in existence have been printed in the last year.
What's a few hundred billion more? If that doesn't work then my bets are on storehouses of value meaning commodity metals. EMO fills the bill nicely. But that will only come AFTER whatever turmoil engulfs the markets for however long that takes.
On those questions my crystal ball is just like everyone elses: very cloudy.
I'm not even close to the stage where i wish i had sold my EMO and bought a stack of silver and gold bars.
Cheers.