After the last several days, most investors have needed both! I still don’t believe that the S&P downgrade of U.S. Treasuries has anything to do with the drubbing we’ve taken. It’s simply a cry for help to the Federal Reserve for more stimulus. Clearly QE Mini-Me isn’t enough. Expect a full blown QE3 and the market will rally.
In the bigger picture, everything I wrote about in Facing Goliath: How to Triumph in the Dangerous Market Ahead is coming true… and faster than I had expected, but that’s the nature of a crisis of confidence. Investors need to take this book to heart, in order to protect their finances. When it’s time to Face Goliath, you better be ready or you’re going down!
Regards – Keith Springer