I will be swinging by Dylan’s place this afternoon about 4:05pm to discuss the Market Crash, the Fed, and the Austerians:
A few bullet points:
• Markets are deeply oversold; but they can get even more deeply oversold.
• The sectors that have done well were propped up by government largesse and bailouts; they are no more.
• Oil is falling — that is not as good as you may think
• US Bonds remain a safe haven
More to come later.