Salient to Investors:
Lee Adler writes:
- We are in the first leg of a bear market.
- Markets are neither crazy nor sane, but measure and reflect liquidity.
- The two official rules are a) the trend is your friend, and b) don’t fight the Fed.
- Be positive in your coverage of Wall Street or be fired is the veiled threat that is the core of the financial media majors, who promulgate the “don’t panic, it’s just a correction” advice, which assumes that the market will never go lower than it is right now.
Read the full article at http://davidstockmanscontracorner.com/panic-now-avoid-the-rush/?utm_source=wysija&utm_medium=email&utm_campaign=Mailing+List+Mid+Day+Thursday
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