Dec 11
7
While I anticipated the recent rally thanks to the yearly “Santa Claus rally” fable from the “Don’t Worry, Be Happy” crowd that roams Wall & Broad, my long-term outlook for U.S. equities remains the same. I believe they shall go no where’s fast and this article’s scenario mirrors my own.
We’ve lived way beyond our means and by kicking the can down the road over and over again, the enormity of our economic, social and political woes have surpassed the point of no return to the better days of the past. As noted in this post, it shall need to get worse before it can get better. The “happy” people on Wall Street would like their sheep to think that the FED shall always save the day but even members of the “Savior” team know that isn’t realistic.
What’s playing out in Europe doesn’t have a happy ending no matter what the next big news claims. And sadly, it shall be but the opening act to what shall unfold here in the U.S.
Our office shall be closed December 10th to January 3rd
