China eases and our market goes up 400 points. Now, we are down nearly 200 points. Volatility is off the charts. This turnaround happened so quickly. Looks like we might be headed for a pretty big correction.
The market is down nearly 15% from its high. Marc Faber just predicted between a 20 -30% correction. If so, we have a lot more room to move down. I still believe that midstream gas stocks are great buys in this chaos. Bonds would also be good safe havens. Cash is king.
The market is down nearly 15% from its high. Marc Faber just predicted between a 20 -30% correction. If so, we have a lot more room to move down. I still believe that midstream gas stocks are great buys in this chaos. Bonds would also be good safe havens. Cash is king.
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