The U.S. market (and many others) has been feeding on savings and thriving on confidence for a long time. The former is long gone, what happens when the latter vanishes will not be pretty - of which we perhaps received a warning today with the Dow down 4.60%.
Related: The 'CAPE To Saving Rate' Ratio Signals A Terrible 2018 For U.S. Stocks
No comments:
Post a Comment