There is only one way to say it – it is crazy. What is
happening is incredible. Up 300 points on the Dow. Down
300 points the next day. Investors are nervous,

uncomfortable about where we are heading. EU banks down
 5%. Sinking energy and financial stocks. There is a
 big problem out there. Add to all this a Fed which is
tightening with manufacturing in recession and taking the
rest of the economy with it. There is only one way to put it
– be careful. 
The Fed wants to push rates higher with long yields sinking
and the yield curve flattening, pointing to even slower
growth. Rising financial risk adds to the grim uncertainties
facing the markets. This environment will continue to
depress EPS. 

You will encourage me to update this blog on the economy

and financial markets by entering a subscription to The

Peter Dag Portfolio.

Thank you for visiting this site.

George Dagnino, PhD


The Peter Dag Portfolio

Since 1977

Author, Profiting in Bull and Bear Markets

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