Here is another angle
2 mths or so ago, oil was douible + more of todays price, commodities in general were well up and the banks were stuffed particulalry in the US and there was still some believers that USA had de-coupled.
Today, if I were an american businessman, I would be much more hopeful. As clinton once quipped, 'It's the economy stupid'. things would look brighter today than 2 mths ago, with inpput costs much lower, energy down and banks beginining to lend again. But.. The market is down 20% or so!
In my view, time to jump in, once US gets a start the rest will follow.
Dont be surprised to see a jump on Moday. the crash didnt happen, investors sat on their stock, thois who sold either panicked or forced to.
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