After debating the onset of the last recession when most market pundits denied the risk back in 2007/2008, here we are again, a short three years later, staring at the noisy conflicting data. But the conclusion is undeniably clear: a recession is incoming.
October 2011 saw a powerful rally of 16% from the intraday low on Oct. 4 to the intraday high of Oct. 25, a rally powered by a blind belief that EU will figure out a way to solve its debt problems. Then came the news that EU really hasn't figured it all out until its leaders meet in 24 hours. Such nail-biting suspense, for an investor with a longer horizon than a few minutes/hours, why does one even bother to risk any capital?
0 comments:
Post a Comment