RE:6,5% down... Or it could be the entire markets are in bear territory and once again, the babies are being thrown out with the bath water.
Frustrating for sure.
But cash, or more importantly
cash-flow, is king. "The market" under duress hits all sell buttons hard, and then figures out who the winners will be later, AFTER the carnage.
Stagflation seems to be the medium term path. Gold is one of the few winners in such a scenario (see the 70s) And there will NOT be a Volker moment this time around.
In the ST, Gold will be the first to bounce, when
everything hits bottom (see 2008/9). And if (some say when) the FED blinks, watch out ...as the USD collapses and Gold soars (see late 70's).
Interesting times
MM
galnakon wrote:
As usual, EDV comes with a great report and the days after the stock is slaughtered. 15% down since the top on the report.
The stock is greatly manipulated.