Say Hello To My Little Friend

The bloodbath "correction" in global markets continues today. The Shanghai Composite? Forgettabout it!  American stocks? Flirting with disaster!

All weekend long we were assured that "corrections" are normal and there's no need for panic. I agree. Words like "pop", "burst", "meltdown" or "collapse" have lost their force in the 20th year of the Bubble Era. Surely we are used to such "volatility" by now. Surely we know that what goes up must come down.

Never forget that these events have lots of Entertainment Value.

I invite central bank-inspired gamblers investors all over the world to say hello to my little friend 

Do a line for me, Tony!

Comments

[Ken Barrows]

See, doomers, things aren't always so bad!