The stock futures down sharply, close to 1%.
European markets down close to 2%.
Commodities sagging with oil down to $90.
Gold keeps sinking. What happens to this touted hedge? Are central banks aggressively selling it to raise needed cash?
Copper, a reliable gauge of economic strength, sharply lower - in a major downtrend.
High-yield bonds in a pronounced downtrend.
Inflation (CPI and PPI) slowing down in a major way.
The US economy growing slowly.
Financial risk (my subscribers know what I am talking about) not improving.
Europe is a mess, lead by incapable bureaucrats - incapable of making decisions.
The only asset classes going up are the dollar and US Treasury bond prices.
Are we close to capitulation? Or is it just the beginning? What to do?
George Dagnino, PhD Editor,
The Peter Dag Portfolio.
Since 1977
2009 Market Timer of the Year by Timer Digest
Portfolio manager
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