The country is being run by a bunch of nuts and I feel like Chief in the movie One Flew Over The Cuckoo’s Nest. The giant game of chicken is scaring the bejeesus out of everybody. At the end of the day, it’s about earnings and the economy. Once this is behind us, earnings will push the stock higher… in the short term. The economy is weakening, just as I have been expecting and without a QE3, it is likely to keep dropping. These are exactly what I discuss in my new book Facing Goliath: How to Triumph in the Dangerous Market Ahead.
Regards – Keith Springer